PTC - complex head and shoulders short from $54.3 to $44.13

PTC was our intraday text alert, sent to our subscribers. It seems Breaking down a complex Head & shoulder formation. Moneyflow also diverging & head sharply to the negative side. We think it can decline as low as $44

* Trade Criteria *
Date First Found- March 23, 2017 (Sent through our intraday text alert)
Pattern/Why- complex head and shoulders
Entry Target Criteria- break below $54.03
Exit Target Criteria- Target 1 $44.13
Stop Loss Criteria- $55.13

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

You can check detailed analysis on -- in the trading room/ Executive summary link here-
youtube.com/watch?v=rqvEdS4G8xw
Time Span- "

Trade active

March 23rd- hit our entry zone criteria and this is looking awesome

March 28th - holding below its MA resistance well. We still like this one.

Note

April 5th - Nice decline breaking the channel formation with higher volume. Looking very good as short. Updating stoploss to $53.43

Note

April 6th - We are liking this as short & we would Consider July $50 Puts if we break through $50.09 .They are currently $2.68

AcornWealthCorp

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AcornWealthCorp

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