I'm entering longs here, averaging in gradually. I anticipate a monthly scale rally, back to 54.59 possibly, coming off a double bottom at key support, with an extremely low valuation, and positive news regarding breakthroughs in delaying drug metabolism.
Good luck!
Ivan Labrie
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This is looking like a bull trap for now, but I'm willing to let it move for a while longer.
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I like how it's acting overall, I will average in until I have a full position.
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Weak action, underperforming the market and the sector...I'll wait for the monthly downtrend expiration to reenter longs. Also, watching it after earnings.
Giao dịch được đóng thủ công
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Up for the day after a smaller range bar, from the bar that prompted me to take my exit...I like it for a reentry here:
Waiting for earnings, reports before the open tomorrow. I would like to see what the guidance is, and if viable, go long once more. I am flat currently.
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Entered a bit after the open...
From my signals group: "Buy a 7% position in TEVA, stop at 28.57
Seems like we nailed this one guys, let's see how it evolves to add on dips - TEVA chart "
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I will reenter this trade tomorrow, ideally on dips.
omg , been reading how generics should be doing good and totally missed this dropping so much
IvanLabrie
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@G13Man, hi, yes, definitely absolutely a steal down here. Let's see if we get it right. I like it as part of my biotech exposure.
Cheers!
NamMyohoRengyKyo
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What do you think of VRX
IvanLabrie
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@raven192, I wouldn't want to give the VRX or MYL people a dime...other than that, now that Ackman gave up on it, it might have bottomed.
NamMyohoRengyKyo
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@IvanLabrie, Cool, Ill have to look at the news for earnings they just released. Was thinking of picking up some call options jan 2018
ExcitingTechnology
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Yeh, I closed my long for a loss as well. Oh well, win some lose some. Thanks for sharing the analysis. As always, it's outstanding :)
IvanLabrie
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@ExcitingTechnology, well, luckily I covered that minor loss with my EURUSD long. So it's ok.
Once the month ends, we can get a better footing, entering closer to earnings...I'm sure we will see the bottom by then.