FLT - Rising wedge & pennant breakdown short - Target $125
FLT broke down from a rising wedge, consolidated in pennant formation and now seems breaking down from the pennant. It is showing strong downward momentum as it crossed down all the moving average & down volume increased huge. Overall it looks a decent short with good risk-reward ratio.
Trade Criteria
Entry Target Criteria- Break of $140.71 or rally to 146
Exit Target Criteria- $125.13
Stop Loss Criteria- $150.73
Option: $155 May-17 puts
You can check detailed analysis on FLT in the trading room/ Executive summary link here-
youtube.com/watch?v=MIFne5qVVt0
Time Span- 5:35"
Trade Status: Pending
Trade Criteria
Entry Target Criteria- Break of $140.71 or rally to 146
Exit Target Criteria- $125.13
Stop Loss Criteria- $150.73
Option: $155 May-17 puts
You can check detailed analysis on FLT in the trading room/ Executive summary link here-
youtube.com/watch?v=MIFne5qVVt0
Time Span- 5:35"
Trade Status: Pending
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