NOW seems forming a negative downward momentum setup along with negative Twiggs money flow divergence. It also has Plenty of selling but mostly around 5-20%. We think it will decline from here.
To Play this August $150 Puts don’t look bad.
* Trade Criteria * Date First Found- March 23, 2018 Pattern/Why- Negative downward momentum short Entry Criteria- $167.23 (Hit March 23, 2018) Exit Criteria- $134.23 or 200 day moving average. Stop Loss Criteria- $178.23 Indicator Notes- Strong Twiggs money flow divergence Special Note- Plenty of selling but mostly around 5-20%. August $150 Puts don’t look bad here.
Please check back for Trade updates. (Note: Trade update is little delayed here.)