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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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
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/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.