ALGN seems forming a larger frame H&S formation and now falling down from its right shoulder. on the shorter frame it also seems breaking down an upward channel formation. It has great insider selling as high as 60% (11 million dollars). We think it has huge downside potential.
To paly this we could consider $250 July Puts
* Trade Criteria *
Date First Found- March 23, 2018
Pattern/Why- H&S formation short, Upward channel breakdown
Entry Criteria- $259.33
Exit Criteria- 1st Target $226.13 & 2nd Target $173.33
Stop Loss Criteria- $282.13
Indicator Notes- Twiggs money flow divergence
Special Note- Great insider selling as high as 60% (11 million dollars). Could consider $250 July Puts.
Please check back for Trade updates. (Note: Trade update is little delayed here.)
To paly this we could consider $250 July Puts
* Trade Criteria *
Date First Found- March 23, 2018
Pattern/Why- H&S formation short, Upward channel breakdown
Entry Criteria- $259.33
Exit Criteria- 1st Target $226.13 & 2nd Target $173.33
Stop Loss Criteria- $282.13
Indicator Notes- Twiggs money flow divergence
Special Note- Great insider selling as high as 60% (11 million dollars). Could consider $250 July Puts.
Please check back for Trade updates. (Note: Trade update is little delayed here.)
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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/
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.