Sean HymanModeratorFebruary 19, 2020 at 3:08 PMPost 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.Bob SmithParticipantFebruary 20, 2020 at 4:37 PMPost 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 HymanModeratorFebruary 20, 2020 at 5:03 PMPost count: 3250
I’m glad you were able to exit profitably. Awesome!Sean HymanModeratorFebruary 21, 2020 at 8:56 AMPost count: 3250
Glad you’re getting closer. Cool.BekkaParticipantAugust 28, 2020 at 10:30 AMPost count: 311
Teva: per your chart in Jan 2020, is Teva at the bottom of a Wave 4 on the weekly chart?Sean HymanKeymasterAugust 28, 2020 at 11:06 AMPost count: 5577BekkaParticipantAugust 28, 2020 at 11:26 AMPost count: 311
Ahhhh! The two parallel red lines helps me understand greatly. Thank you, makes sense now.Sean HymanKeymasterAugust 28, 2020 at 11:35 AMPost 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.Sean HymanKeymasterOctober 2, 2020 at 9:44 AMPost count: 5577
This could be a good, long-term potential boost for former subscribers who hold TEVA: https://seekingalpha.com/news/3619365-teva-launches-first-generic-versions-of-hivminus-1-treatments-in-u-s?utm_medium=email&utm_source=seeking_alpha&mail_subject=gild-teva-launches-first-generic-versions-of-hiv-1-treatments-in-u-s&utm_campaign=rta-stock-news&utm_content=link-3BekkaParticipantOctober 8, 2020 at 9:53 AMPost count: 311
The boost has definitely put it on the move (upward)!Sean HymanKeymasterOctober 8, 2020 at 10:11 AMPost 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.BekkaParticipantOctober 27, 2020 at 11:36 AMPost count: 311
Sean, per your Aug. 28 charts, which way did TEVA go?Sean HymanKeymasterOctober 27, 2020 at 11:59 AMPost 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 HymanKeymasterOctober 27, 2020 at 12:04 PMPost 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.
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