ALGN - H&S formation short from current price to 222.13 & 171.23
ALGN still looks good as H&S Pattern. It seems declining forming its right shoulder. Money flow is declining.
We think it has good downside potential. To trade this we would consider $230 July puts @ $13.50
* Trade Criteria *
Date First Found- March 1, 2018
Pattern/Why- Possible H&S formation
Entry Target Criteria- From current price
Exit Target Criteria- 1st Target $222.13 and 2nd target $171.23
Stop Loss Criteria- $270.30
Indicator Notes- Twiggs money flow coming down sharp.
Special Note- We would consider $230 July puts @ $13.50
Please check back for Trade updates. (Note: Trade update is little delayed here.)
We think it has good downside potential. To trade this we would consider $230 July puts @ $13.50
* Trade Criteria *
Date First Found- March 1, 2018
Pattern/Why- Possible H&S formation
Entry Target Criteria- From current price
Exit Target Criteria- 1st Target $222.13 and 2nd target $171.23
Stop Loss Criteria- $270.30
Indicator Notes- Twiggs money flow coming down sharp.
Special Note- We would consider $230 July puts @ $13.50
Please check back for Trade updates. (Note: Trade update is little delayed here.)
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