FDP - Inverted flag pattern short from $56.13 to $50 or lower
FDP seems forming a inverted flag formation. It broke down major support & moneyflow is very deep down. It had some insider selling as well. Overall it seems a good shorting opportunity.
Trade criteria
Open - Break of $56.13
Target - $50, 34
Stoploss- $57.53
Note: - $55 Mar-17 Puts @ $1.70
You can check our detailed analysis on FDP in the trading room/ Executive summary link here-
screencast.com/t/3e0ZTENUQwBd
Time Span- 14:10"
Trade Status: Pending
Trade criteria
Open - Break of $56.13
Target - $50, 34
Stoploss- $57.53
Note: - $55 Mar-17 Puts @ $1.70
You can check our detailed analysis on FDP in the trading room/ Executive summary link here-
screencast.com/t/3e0ZTENUQwBd
Time Span- 14:10"
Trade Status: Pending
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