Short
BLDR - Double top formation short from $15.37 to $13.57
BLDR was in our watch list for last few weeks, and now it seems forming double top with moneyflow divergence. Could be breaking down here. We think it has good downside potential.
* Trade Criteria *
Date First Found- July 27, 2017
Pattern/Why- Double top formation
Entry Target Criteria- Break of $15.37
Exit Target Criteria- 1st Target $14.17, 2nd Target $13.57
Stop Loss Criteria- $16.23
Special Note- Could consider August $15 Puts which are $0.40
Please check back for Trade updates. (Note: Trade update is little delayed here.)
* Trade Criteria *
Date First Found- July 27, 2017
Pattern/Why- Double top formation
Entry Target Criteria- Break of $15.37
Exit Target Criteria- 1st Target $14.17, 2nd Target $13.57
Stop Loss Criteria- $16.23
Special Note- Could consider August $15 Puts which are $0.40
Please check back for Trade updates. (Note: Trade update is little delayed here.)
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/
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.