Teva 61.8% Fib Bounce? Teva Pharmaceutical Industries
Teva Pharmaceutical Industries
Short Term - We look to Buy at 8.40 (stop at 7.90)
Preferred trade is to buy on dips. We have a 61.8% Fibonacci pullback level of 8.49 from 7.24 to 10.50. The bias is still for higher levels and we look for any dips to be limited. Risk/Reward would be poor to call a buy from current levels.
Our profit targets will be 10.19 and 10.49
Resistance: 9.50 / 10.50 / 12.00
Support: 8.50 / 8.00 / 7.25
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