Update to the post "What do Paulson, Soros and Berkowitz See in TEVA? "

 

Last month I wrote the post "What do Paulson, Soros and Berkowitz See in TEVA? " 

I said then that if TEVA will keep the support line (RED) it will look a "good buy" for 2011, As we can see on the chart TEVA didn't reach the trigger price to buy and didn't keep the red support line, so after the crash yesterday (8.5% down) I checked the chart again and I found a new support lines for TEVA.

According to the chart you can see that now it is not a good time to invest in TEVA. If it will touch the new green support line and stay above, it will still keep the uptrend channel but if it will not manage to keep the green line the new support line will be the yellow one and that does not look good for TEVA because it represents a downtrend line.

I will continue updating the stock when i will find something new on the chart.

Now we can ask the hedge fund managers "what you didn't see in TEVA??"