Home Forums Members Forum TEVA

Tagged: 

Viewing 15 posts - 1 through 15 (of 23 total)
  • Author
    Posts
  • Sean HymanSean Hyman
    Moderator
    Post count: 3250

    To former subscribers in TEVA….it’s gained a lot recently. So, whenever you’re profitable, I’d encourage you to exit it. That way, you can exit a company that’s become a high-debt company and place the money into something more fundamentally sound.

    And…if you’re not profitable yet, of course it’s still ok to continue to hold.

    AvatarBob Smith
    Participant
    Post count: 133

    Most of a year ago on the past version of LI some folks were talking about TEVA. Against advice I bought at the end of May 2019 and doubled down in October 2019.
    I sold it all yesterday for a solid gain.

    Sean HymanSean Hyman
    Moderator
    Post count: 3250

    I’m glad you were able to exit profitably. Awesome!

    BekkaBekka
    Participant
    Post count: 311

    I’m close! Not quite yet!

    Sean HymanSean Hyman
    Moderator
    Post count: 3250

    Glad you’re getting closer. Cool.

    BekkaBekka
    Participant
    Post count: 311

    Teva: per your chart in Jan 2020, is Teva at the bottom of a Wave 4 on the weekly chart?

    Sean HymanSean Hyman
    Keymaster
    Post count: 5577

    I see two likely scenarios for TEVA. The top chart is more likely, I think than the 5-wave sideways wave 2 scenario.

    Attachments:
    You must be logged in to view attached files.
    BekkaBekka
    Participant
    Post count: 311

    Ahhhh! The two parallel red lines helps me understand greatly. Thank you, makes sense now.

    Sean HymanSean Hyman
    Keymaster
    Post count: 5577

    The good part is that wave C’s bottom should be in place. If so, then those wave count options I give should be viable. If so, it’s got much better days ahead of it.

    It’s 200-day moving average is trending higher too. So that’s another reason why I think the top chart I showed earlier is more likely than the bottom chart.

    Attachments:
    You must be logged in to view attached files.
    Sean HymanSean Hyman
    Keymaster
    Post count: 5577
    BekkaBekka
    Participant
    Post count: 311

    The boost has definitely put it on the move (upward)!

    Sean HymanSean Hyman
    Keymaster
    Post count: 5577

    Yeah, it’s downtrend is clearly over and it’s making major “higher lows”, which is good. I believe it’s on its next wave higher overall. It’s hard to say just yet but it could be coiling up into a larger triangle pattern forming. But nonetheless, continuing to make higher lows and many technical improvements on its chart for sure.

    Attachments:
    You must be logged in to view attached files.
    BekkaBekka
    Participant
    Post count: 311

    Sean, per your Aug. 28 charts, which way did TEVA go?

    Sean HymanSean Hyman
    Keymaster
    Post count: 5577

    ha-ha. You’re going to have to refresh my memory. Do you have a link to the chart you’re referring to?

    Sean HymanSean Hyman
    Keymaster
    Post count: 5577

    TEVA broke a multi-year downtrend. It’s selling volume continues to lessen (black lines). It’s buying volume is picking up here and there (green boxed area). The RSI and MACD continue to pick up. So, overall, it’s likely in its turnaround period.

    But as far as what I wrote on August 28th, I have no idea. Slept too many times since then. ha-ha.

    Attachments:
    You must be logged in to view attached files.
Viewing 15 posts - 1 through 15 (of 23 total)
  • You must be logged in to reply to this topic.