PAGP- Momentum Short from $27.93 to as los as $15; $29 Aug Put
PAGP is looking a very good Momentum short setup. It seems broken down from a falling wedge formation. Moneyflow also had a strong decline to the negative side. We think it will be a good momentum short trade up to as low as $15.
* Trade Criteria *
Date First Found- May 4, 2017
Pattern/Why- Wedge breakdown momentum short.
Entry Target Criteria- Break of $27.93 or Pull back to $9.15
Exit Target Criteria- Momentum Trade (As low as $15)
Stop Loss Criteria- $ 30.23
Option- We would also consider $29 August puts @ $1.95
Please check back for Trade updates. (Note: Trade update is little delayed here.)
* Trade Criteria *
Date First Found- May 4, 2017
Pattern/Why- Wedge breakdown momentum short.
Entry Target Criteria- Break of $27.93 or Pull back to $9.15
Exit Target Criteria- Momentum Trade (As low as $15)
Stop Loss Criteria- $ 30.23
Option- We would also consider $29 August puts @ $1.95
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.