BAX seems breaking down from an upward channel. It had some recent insider selling in big quantities. It just broken down below 200 days moving average. We think it has good downside potential.
To Play this we could consider may $62.50 Puts. ($1.20 currently)
* Trade Criteria *
Date First Found- March 28, 2018
Pattern/Why- Inverse Bump & Run continuation. Upward channel breakdown
Entry Criteria- $63.67
Exit Criteria- Momentum
Stop Loss Criteria- $66.37
Indicator Notes- Twiggs money flow deep into the negative side.
Special Note- Big Money selling. Could consider may $62.50 Puts. ($1.20 currently)
Please check back for Trade updates. (Note: Trade update is little delayed here.)
To Play this we could consider may $62.50 Puts. ($1.20 currently)
* Trade Criteria *
Date First Found- March 28, 2018
Pattern/Why- Inverse Bump & Run continuation. Upward channel breakdown
Entry Criteria- $63.67
Exit Criteria- Momentum
Stop Loss Criteria- $66.37
Indicator Notes- Twiggs money flow deep into the negative side.
Special Note- Big Money selling. Could consider may $62.50 Puts. ($1.20 currently)
Please check back for Trade updates. (Note: Trade update is little delayed here.)
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Like what you see? Get full access to our 3X daily members only video/txt alerts & live trading room at smartmoneytrading.com/now
Check out some of our free video examples @ smartmoneytrading.com/insights/
Check out some of our free video examples @ smartmoneytrading.com/insights/
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.