PATK seems very interesting short setup. It has broken down from a pennant formation. It is breaking down a long term support,
and it also has a double top formation. All these technical suggesting a decline. We think it has strong downside potential.
* Trade Criteria *
Date First Found- April 18, 2018
Pattern/Why- Support breakdown short, Double top & Pennant formation
Entry Criteria- $55.22
Exit Criteria- $48.13
Stop Loss Criteria- $57.82
Indicator Notes- Twiggs money flow declined sharply to the negative side
Special Note- Insider selling
Please check back for Trade updates. (Note: Trade update is little delayed here.)
and it also has a double top formation. All these technical suggesting a decline. We think it has strong downside potential.
* Trade Criteria *
Date First Found- April 18, 2018
Pattern/Why- Support breakdown short, Double top & Pennant formation
Entry Criteria- $55.22
Exit Criteria- $48.13
Stop Loss Criteria- $57.82
Indicator Notes- Twiggs money flow declined sharply to the negative side
Special Note- Insider selling
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.