JACK - Support breakdown short from $92.77
Updated
JACK looks pretty interesting short setup. It had a huge decline below MA200 & holding this support now. Moneyflow has plummeted. It has huge downward potential if it can break the support label.
* Trade Criteria *
Date First Found- March 2, 2017
Pattern/Why- Support breakdown
Entry Target Criteria- Break of $92.77
Exit Target Criteria- Momentum
Special Note- We would consider $95 April Puts @ $3.60 or $95 Jun Puts @ $6.50
Please check back for Trade updates. (Note: Trade update is little delayed here.)
* Trade Criteria *
Date First Found- March 2, 2017
Pattern/Why- Support breakdown
Entry Target Criteria- Break of $92.77
Exit Target Criteria- Momentum
Special Note- We would consider $95 April Puts @ $3.60 or $95 Jun Puts @ $6.50
Please check back for Trade updates. (Note: Trade update is little delayed here.)
Note
Relevant Updates:March 7th - Holding to EMA lines, but did not hit entry price yet. Wait & see situation.
March 2nd - Moved a little upward, and adjusted to EMA lines. Yet to meet entry price.
Note
March 10th - Seems scooping up. Did not hit entry price, and we may take it off from watch.
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