Today we'll analyze Teva Pharmaceutical Industries Ltd stock (Teva) weekly chart for online market trading.
1- weekly MA8 break was an initiation of a bearish move, along the year, Teva currently broke its MA8.
2- RSI is bearish
3- MACD neutral
4- 38% Fibonacci level retracement for the last bullish run from 30.78$ to 48.09$ is 41.48$.
a technical fix for the last bullish move would end befor e41.48$ a break down of 41.48$ would signal a bearish move with first target of 39.44$, solid support and break up of 48$ would invite a long entry to this stock.
Friday, February 8, 2008
Teva Pharmaceutical Industries Ltd (Teva) Technical Analysis
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have a nice day,
Shadi
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