H - Double top formation short from $76.87 to $$66 & $80 Aug PutH is forming a beautiful double top with strong Twiggs money flow divergence. We think it has strong down side potential if it breaks its 50 day moving average. We would consider $80 August puts @ $4.50
* Trade Criteria *
Date First Found- February 27, 2018
Pattern/Why- Double Top formation
Entry Criteria- From current level ($76.87) (Hit February 28, 2018)
Exit Criteria- 1st Target $66.63; 2nd Target- Momentum
Stop Loss Criteria- $83.41
Indicator Notes- Twiggs money flow index declined sharp below zero.
Special Note- Could consider $80 August puts @ $4.50
Please check back for Trade updates. (Note: Trade update is little delayed here.)
