BERY - Possible H&S formation short from $48 to $42.88

BERY seems forming a head & shoulder formation. A break of $48 will be the breakout confirmation.
We think it can decline down to $43 area.

* Trade Criteria *
Date first found- March 21, 2017
Pattern/Why- Possible head & shoulder formation
Entry Target Criteria- $48
Exit Target Criteria- Target 1 45.13 Target 2 42.88
Stop Loss Criteria- $51.03

Please check back for Trade updates. (Note: Trade update is little delayed here.)

Trade active

March 24th - Traded down & hit entry price today. Now wait & see.

Note

March 27th - Very nice decline & made a lower low. Looking very good as short.

Note

March 29th - Holding below EMA lines, wait & see situation.

Note

April 4th- nice move down on good volume, this is looking good to continue

Note

April 12th- rallied into horizontal resistance and held below it. Tightening our stop loss criteria to $50.43

AcornWealthCorp

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AcornWealthCorp

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