Long
PTX - Flag formation, momentum play from $5.63 or $6.02
PTX was declining from quite long time, as it is coming down from $130. It just started to scope up, seems forming a flag formation. Moneyflow is going up sharp. We think it has very high upside potential, so we would like to consider a momentum position.
* Trade Criteria *
Date first found- May 4, 2017
Pattern/Why- Flag formation momentum play
Entry Target Criteria- Pullback to $5.63 or break of $6.02
Exit Target Criteria- Momentum
Stop Loss Criteria- $4.88
Option- $5 Auguest-17 Calls
Please check back for Trade updates. (Note: Trade update is little delayed here.)
* Trade Criteria *
Date first found- May 4, 2017
Pattern/Why- Flag formation momentum play
Entry Target Criteria- Pullback to $5.63 or break of $6.02
Exit Target Criteria- Momentum
Stop Loss Criteria- $4.88
Option- $5 Auguest-17 Calls
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.