TCMD - Upward channel breakdown short from current price to $23
TCMD seems breaking down from an Upward channel, It has Strong Insider selling,
Financial ratios are very poor as it has huge 402 E/P & forward P/E 127.7
Looks good for short setup at current price
* Trade Criteria *
Date First Found- August 2, 2017
Pattern/Why- Upward channel breakdown
Entry Target Criteria- Break of $28.49 (Current price)
Exit Target Criteria- 1st Target $25.13, 2nd Target $22.83
Stop Loss Criteria- $31.13
Please check back for Trade updates. (Note: Trade update is little delayed here.)
Financial ratios are very poor as it has huge 402 E/P & forward P/E 127.7
Looks good for short setup at current price
* Trade Criteria *
Date First Found- August 2, 2017
Pattern/Why- Upward channel breakdown
Entry Target Criteria- Break of $28.49 (Current price)
Exit Target Criteria- 1st Target $25.13, 2nd Target $22.83
Stop Loss Criteria- $31.13
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.