PFGC - Possible momentum short set up from $29.73
PFGC formed an inverse bump & run formation and now seems breaking into its Channel formation. It has a fair amount of insider selling & big institutional selling.
We think it has strong downside potential.
* Trade Criteria *
Date First Found- February 21, 2018
Pattern/Why- Inverse bump & run formation
Entry Target Criteria- Break of $29.73
Exit Target Criteria- Momentum
Stop Loss Criteria- $31.63
Indicator Notes- Twiggs money flow deep in the negative side.
Special Note- Lots of insider selling with big $ and big %'s
Please check back for Trade updates. (Note: Trade update is little delayed here.)
We think it has strong downside potential.
* Trade Criteria *
Date First Found- February 21, 2018
Pattern/Why- Inverse bump & run formation
Entry Target Criteria- Break of $29.73
Exit Target Criteria- Momentum
Stop Loss Criteria- $31.63
Indicator Notes- Twiggs money flow deep in the negative side.
Special Note- Lots of insider selling with big $ and big %'s
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/
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.