Short
HCN - H&S formation short from current price to $58.20 & $54.20
HCN looks ver interesting as it is forming longer term H&S formation in the weekly frame. We think it has huge downside potential from here.
To play this we Would look at $47.50 January 2019 Puts currently $2.75.
* Trade Criteria *
Date First Found- November 27, 2017
Pattern/Why- H&S formation in weekly frame
Entry Target Criteria- current price ($67.47)
Exit Target Criteria- 1st Target $58.20, 2nd Target $54.20 & Long term Target $28
Stop Loss Criteria- $70.13
Please check back for Trade updates. (Note: Trade update is little delayed here.)
To play this we Would look at $47.50 January 2019 Puts currently $2.75.
* Trade Criteria *
Date First Found- November 27, 2017
Pattern/Why- H&S formation in weekly frame
Entry Target Criteria- current price ($67.47)
Exit Target Criteria- 1st Target $58.20, 2nd Target $54.20 & Long term Target $28
Stop Loss Criteria- $70.13
Please check back for Trade updates. (Note: Trade update is little delayed here.)
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