Technical analysis on the US stock market & several sectors & stocks that stand out at this time. playback speed can be increased in the settings to reduce video duration
TEVA (Teva Pharmaceuticals) was added as an Active Long Swing Trade on a breakout above the bullish falling wedge pattern back on May 12th. That breakout proved to be a false breakout /whipsaw signal before one last thrust down with the bullish divergences still very much intact. From there, TEVA went on to make a solid & sustained breakout above the bullish falling wedge & closed around the 32.50ish resistance level on Friday. Previous & updated daily charts below: As the stock is quite overbought on the short-term time frames coupled with the fact that it closed at resistance [...]
The following notes & charts outline the entry criteria, price targets, suggested stop & beta-adjustment to a position size in TEVA, Teva Pharmaceutical Industries.
An overview of some of the recent individual stock & sector trade ideas, both long & short, shared on Right Side Of The Chart. For those wanting to skip ahead to a particular trade idea, the following stocks & ETFs are covered in this order: CARA, TEVA, USRM, CLVS, NVDA, LI.V, LIACF, PBYI, PTLA, TINY, FCEL, HIMX, SMH, XSD, SOXX, XLF, GLD & GDX.
TEVA is breaking above downtrend line... watching for an expansion in volume as well as a solid 60-minute close above. Also keep in mind the increase in whipsaw signals around the year-end holidays. Also note that prices are now at the 130-ema which could act as resistance. Unofficial trade idea only. Horizontal lines overhead are resistance levels/potential price targets. 60-minute chart: TEVA 60-minute Dec 22nd
An overview of some of the unofficial swing trade ideas posted in the Trading Room (9 longs & 1 short). The following trade candidates are discussed in this order: MNKD, TEVA, WFM, FCEL, GPRO, AMKR, IONS, CARA, STNG & PIOI.