H seems forming a head & shoulder formation. Moneyflow is getting down to the negative. We are looking for a speculative short if it shows weakness after reaching to $59 area.
On the option we would look for $50 November-17 Puts, currently $1.35
* Trade Criteria *
Date First Found- May 15, 2017
Pattern/Why- Head & shoulder formation
Entry Target Criteria- $59
Exit Target Criteria- 1st target $52.34, 2nd Target $44.13
Stop Loss Criteria- $60.2
Please check back for Trade updates. (Note: Trade update is little delayed here.)
On the option we would look for $50 November-17 Puts, currently $1.35
* Trade Criteria *
Date First Found- May 15, 2017
Pattern/Why- Head & shoulder formation
Entry Target Criteria- $59
Exit Target Criteria- 1st target $52.34, 2nd Target $44.13
Stop Loss Criteria- $60.2
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/
Related publications
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.