CMCO looks decent short as it is breaking down from an upward channel formation. It has insider selling. We think it was strong downside potential.
* Trade Criteria *
Date First Found- February 6, 2018
Pattern/Why- Upward channel breakdown short
Entry Criteria- Current price (37.55) (Hi February 6, 2018)
Exit Criteria- $33.13
Stop Loss Criteria- $39.67
Indicator Notes- Crossed below its MA100
Special Note- Insider selling
Please check back for Trade updates. (Note: Trade update is little delayed here.)
* Trade Criteria *
Date First Found- February 6, 2018
Pattern/Why- Upward channel breakdown short
Entry Criteria- Current price (37.55) (Hi February 6, 2018)
Exit Criteria- $33.13
Stop Loss Criteria- $39.67
Indicator Notes- Crossed below its MA100
Special Note- Insider selling
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.