Replies to post #3445 on Teva Pharmaceutical Industries Ltd (TEVA)

[NoMoDo]

In case anyone missed this:
April 6, 2020 11:37 AM ET (BZ Newswire)Teva Pharmaceutical Industries Ltd (NYSE:TEVA), which is beset by fundamental and legal woes, is entering a recovery phase, according to UBS Securities.

The Teva Analyst
Analyst Kevin Caliendo upgraded Teva from Neutral to Buy and lowered the price target from $14 to $12.

[JLS]

1-Minute TEVA chart:

I'd go crazy if I had to watch 30-min go buy before making a decision (and does it take another 30-minutes to go by for confirmation?), so why not watch the 1-min interval chart built on a 30-min grid chart? The grid is set to 30-min (if that's important to everyone), but watching the 1-min chart all of the time tells you ahead of time what the 30-min is going to do most of the time. I want that sneaky-eyed most-of-the-time ahead-of-time advantage.

In other words, as pitcher ya gotta stare at the batter to see what he's expecting before ya throw the ball!

So why 26- and 65-minute moving averages? They're closely related (but have granularity advantage) to 1x and 2x of 30 minutes -- and they are time tested to give a slight time advantage. With penny granularity you can see how price often prefers values of larger coins you might have in your pocket; like dimes or nickles or quarters for instance. Pennies? Nobody cares about those except the Market Maker as he trades tens of thousands of shares over and over in a single day. His profit being the difference between bid and ask, every penny is coveted as he trades those many thousands of shares.

[NoMoDo]

As for tomorrow, every chart shows solid upward movement in all the indicators I use except the stoch. The stoch is running a bit hot. Can stay that way all day tomorrow, but will watch for it to fall. I am guessing that we will open strong and then within an hour or so, it will consolidate before hopefully another move up.

Stoch hasn't turned positive on 15 or 30 min, but cooled off. Bottom may be here.