TEVA, BAT Pattern before earnings
When it comes to earnings, the direction is like Schroedinger's cat for me.
It's like pure gambling and I would more like to gamble in Vegas or Macau rather than the stock market,so I never try to predict the direction before earnings.
Like my last article a few moment earlier today, I like to react with the price action of the market, not figure out the good/bad of the earning report.
While, in addition to wait for a inside day after earnings, find a important spot before earnings and see how it reacts to the earnings is another trading idea.
TEVA has a BAT Pattern with a long entry near 28; (and it usually reacts HUGE on its earning day)
So my trading idea remains the same: waiting for a reversal sign around the 28 and try to long .
And a 27.49 out is good enough .
Again, I'm not saying that I expect TEVA will reach 28 ; I'm saying that I'm looking for a long opportunity near 28 if there is a reversal sign there.
It's like pure gambling and I would more like to gamble in Vegas or Macau rather than the stock market,so I never try to predict the direction before earnings.
Like my last article a few moment earlier today, I like to react with the price action of the market, not figure out the good/bad of the earning report.
While, in addition to wait for a inside day after earnings, find a important spot before earnings and see how it reacts to the earnings is another trading idea.
TEVA has a BAT Pattern with a long entry near 28; (and it usually reacts HUGE on its earning day)
So my trading idea remains the same: waiting for a reversal sign around the 28 and try to long .
And a 27.49 out is good enough .
Again, I'm not saying that I expect TEVA will reach 28 ; I'm saying that I'm looking for a long opportunity near 28 if there is a reversal sign there.
It did react HUUUUUUUUUUUUUUUUUUUUGE @@