On weekly basis the price of Teva Pharmaceutical is located at the upper border of the Bollinger bonds. The daily bond however has already adjusted upwards. Johannes Weber believes that an price adjustment is possible, since the price has risen relatively strong over the past weeks.
A possible price adjustment is also revealing itself in the charts. When observing the Ichimoku Kinko Hyo trading system one can see downwards tendencies. The future cloud signals a downwards trend in the near future. Subsequently, a bullish cloud is following which shows an upwards trend.
From Weber’s perspective, one can expect a slight price adjustment. However, after that the upwards trend will continue. There is no clear signal yet.
Aktuelle Video-Analyse von Teva Pharmaceutical: