HOG was running within an upward channel formation, which broken just recently. We think with the falling oil price it will decline further. According to Upward channel breakdown we got target or $45.33. To play this we would consider $55 Aug-17 puts
* Trade Criteria *
Date first found- April 20, 2017
Pattern/Why- Upward channel breakdown, Falling Oil price
Entry Target Criteria- Break of $55.87
Exit Target Criteria- $45.33
Stop Loss Criteria- $60.13
Option- $55 Aug-17 Puts
Please check back for Trade updates. (Note: Trade update is little delayed here.)
* Trade Criteria *
Date first found- April 20, 2017
Pattern/Why- Upward channel breakdown, Falling Oil price
Entry Target Criteria- Break of $55.87
Exit Target Criteria- $45.33
Stop Loss Criteria- $60.13
Option- $55 Aug-17 Puts
Please check back for Trade updates. (Note: Trade update is little delayed here.)
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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.