ALGN- H&S formation short from $259.33 to $173, $250 July Put

ALGN seems forming a larger frame H&S formation and now falling down from its right shoulder. on the shorter frame it also seems breaking down an upward channel formation. It has great insider selling as high as 60% (11 million dollars). We think it has huge downside potential.

To paly this we could consider $250 July Puts


* Trade Criteria *
Date First Found- March 23, 2018
Pattern/Why- H&S formation short, Upward channel breakdown
Entry Criteria- $259.33
Exit Criteria- 1st Target $226.13 & 2nd Target $173.33
Stop Loss Criteria- $282.13
Indicator Notes- Twiggs money flow divergence
Special Note- Great insider selling as high as 60% (11 million dollars). Could consider $250 July Puts.

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