BID seems breaking down from long term upward channel. This seems interesting short setup. We would consider a short if it breaks below $47.83
We would also consider $48 October Puts, currently $1.33
* Trade Criteria *
Date First Found- August 11, 2017
Pattern/Why- Long term upward channel
Entry Target Criteria- Break of $47.83
Exit Target Criteria- $37.33
Stop Loss Criteria- $50.87
Please check back for Trade updates. (Note: Trade update is little delayed here.)
We would also consider $48 October Puts, currently $1.33
* Trade Criteria *
Date First Found- August 11, 2017
Pattern/Why- Long term upward channel
Entry Target Criteria- Break of $47.83
Exit Target Criteria- $37.33
Stop Loss Criteria- $50.87
Please check back for Trade updates. (Note: Trade update is little delayed here.)
Like what you see? Get full access to our 3X daily members only video/txt alerts & live trading room at www.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/
August 17th- Another sharp decline today, making lower low. $48 October Puts traded as high as $3.90 from $1.33 entry price. Consider updating stoploss to $48.37
August 15th- Strong downward move on higher volume, looking very good as short. $48 October Puts went up from $1.33 to $2.85, that is 114% rise in 2 days.
August 14th- Declined & hit entry criteria today. Now wait & see.