TEVA

[Sean Hyman]

#154717

While it could be either wave 3 or 5 that’s very powerful, there’s a good chance, in these long range breaks that at least wave 3 is very strong.

The longer the base, the higher the space.

[Scott Pearcy]

#155670

TEVA up almost 6% today and my position is at +5% and rising…..At what percentage above break even would you begin to protect profits?

[Sean Hyman]

#155671

Still doing as anticipated. Whenever it does break this 4+ year range, (since long, boring ranges breakout into long, strong trends) this could go very far to the upside after it breaks the wave 1 high of $13.76 and begins to sustain itself above that.

It should likely greatly exceed the typical/normal wave 3 shaded zone because of the long, boring range and the length of time it spent in it.

So, this time may or may not be the breakout. But I’d consider waiting until it breaks out and gets to the high side of that range before protecting any profits and letting the rest ride for a while because that uptrend could be very long/strong. Major wave 3 or 5 should extend and be very strong.

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[Bekka]

#155708

So the goal is the gray box?  I’m up too at 9%.

[Sean Hyman]

#155709

Check back with me in the gray box. The gray box is the typical wave 3 measurement, but the ultra-long range likely takes wave 3 much higher than that and if it didn’t, it would be wave 5 that would extend and go much higher.

The gray box may be where you sell half, when you check back with me then.

[Bekka]

#155730

ok, thank you! Getting excited about this one and worth the wait!

• This reply was modified 2 months, 2 weeks ago by Bekka.

[Sean Hyman]

#155732

You’re welcome.

Yeah, I’m thankful for wave counts and for knowing that long, boring ranges breakout into long, strong trends.

[Scott Pearcy]

#156418

Up 8% at $13 a share…..How high do you think it will go……?

[Sean Hyman]

#156420

This chart from the past shows its potential projections. Those projections still stand. 

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[Sean Hyman]

#156422

And I think with as long as the sideways range was, there’s still a good chance that it could surpass the shaded zone completely, to the upside…but a good chance of at least hitting the shaded zone and well into it.,

[Steven Walker]

#156732

I’m down 26.5% in TEVA. Should I continue to hold the stock? I would expect a major correction since it has been doing so well the last several months.

[Sean Hyman]

#156778

Why would you sell at a loss, when we have upward projections over time? See my above chart. Note the arrows.

This can easily go $18+ over time. But yes, a pullback and even a sizable one could happen anytime OR it could just steadily head higher due to being in such a long, drawn-out range. Either way, long, boring ranges tend to breakout into long, strong trends.

 

[Scott Pearcy]

#157441

Overall, I am up 12% on TEVA….do you recommend selling half to protect profits and hold the rest to see how high the upside is….?

[Sean Hyman]

#157442

I think with its 4-year range and with wave 2 potentially being done…we could see it reach the top of the shaded zone (or higher), in time.

MACD firming up.

There are several potential paths there, as shown on the chart. So, depending on what you’re comfortable with would depend on if you sell half or not. That depends on if you’d be ok riding through the two lower dips or not.

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[Scott Pearcy]

#159911

Right now with the price per share at over $14.40, I am up almost 19%…..I can withstand the dips, I have held this one for a LONG time….I can ride the wave higher!!

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