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NTAP -Inverse fallen angel formation short from $55.85 to $51.63
NetApp, Inc.
Short
NTAP -Inverse fallen angel formation short from $55.85 to $51.63
By AcornWealthCorp
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Dec 27, 2017
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Dec 27, 2017
NTAP seems rolling over, forming an inverse fallen angel formation. We think it has good downside potential.
* Trade Criteria *
Date First Found- December 26, 2017
Pattern/Why- inverse fallen angel formation
Entry Target Criteria-Current price ($55.85)
Exit Target Criteria- 1st Target $51.63 2nd Target $47.57
Stop Loss Criteria- $59.37
Indicator Notes- Twiggs money flow divergence
Special Note- Good insider selling
Please check back for Trade updates. (Note: Trade update is little delayed here.)
Beyond Technical Analysis
Chart Patterns
downtrend
short
Trend Analysis
AcornWealthCorp
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