GBX - Upward channel/Trend breakdown short from $44.43 to $35.33
GBX seems breaking down its Macro frame uptrend & upward channel formation. It has big insider selling from CEO and others.
We think it has very good downside potential.
To play this we would consider $50 June puts look
* Trade Criteria *
Date First Found- April 4, 2018
Pattern/Why- Long term trend break, Upward channel breakdown short
Entry Criteria- $44.43
Exit Criteria- $35.53
Stop Loss Criteria- $52.54
Indicator Notes- Twiggs money flow deep into the negative side.
Special Note- Big insider Selling from CEO and others. $50 June puts look reasonable.
Please check back for Trade updates. (Note: Trade update is little delayed here.)
We think it has very good downside potential.
To play this we would consider $50 June puts look
* Trade Criteria *
Date First Found- April 4, 2018
Pattern/Why- Long term trend break, Upward channel breakdown short
Entry Criteria- $44.43
Exit Criteria- $35.53
Stop Loss Criteria- $52.54
Indicator Notes- Twiggs money flow deep into the negative side.
Special Note- Big insider Selling from CEO and others. $50 June puts look reasonable.
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.