AOS is running within a channel formation & now challenging its channel resistance. It also seems shaping a H&S formation. We think it has good downside potential from current level.
To Play this we would consider $65 July puts ($2.95)
* Trade Criteria *
Date First Found- February 22, 2018
Pattern/Why- Upward channel; H&S formation
Entry Criteria- From current price ($66.16) (Hit February 23, 2018)
Exit Criteria- $53.35
Stop Loss Criteria- $68.67
Indicator Notes- Twiggs money flow heading to the negative side.
Special Note- Quite a lot of insider selling. Sizable insider selling in early February
We would consider $65 July puts ($2.95)
Please check back for Trade updates. (Note: Trade update is little delayed here.)
To Play this we would consider $65 July puts ($2.95)
* Trade Criteria *
Date First Found- February 22, 2018
Pattern/Why- Upward channel; H&S formation
Entry Criteria- From current price ($66.16) (Hit February 23, 2018)
Exit Criteria- $53.35
Stop Loss Criteria- $68.67
Indicator Notes- Twiggs money flow heading to the negative side.
Special Note- Quite a lot of insider selling. Sizable insider selling in early February
We would consider $65 July puts ($2.95)
Please check back for Trade updates. (Note: Trade update is little delayed here.)
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Like what you see? Get full access to our 3X daily members only video/txt alerts & live trading room at 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/
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.