PGRE - Potential Upward channel reversal Short trade from $18
Updated
PGRE is running within an upward channel. If it gets up-to $18 to its upper Channel line, this could be interesting in the short side. As $18 is a major resistance label as well. We think it can reverse from there & can go all the way down to $15 area.
* Trade Criteria *
Date First Found- February 28, 2017
Pattern/Why- Upward channel reversal & breakout
Entry Target Criteria- short between 18.00 and 18.05
Exit Target Criteria- Momentum ($15.20)
Stop Loss Criteria- $18.40
Please check back for Trade updates. (Note: Trade update is little delayed here.)
* Trade Criteria *
Date First Found- February 28, 2017
Pattern/Why- Upward channel reversal & breakout
Entry Target Criteria- short between 18.00 and 18.05
Exit Target Criteria- Momentum ($15.20)
Stop Loss Criteria- $18.40
Please check back for Trade updates. (Note: Trade update is little delayed here.)
Note
March 6th- never rallied into our entry zone criteria, we will review in Trading Room tomorrow and we may consider a new entry zone criteria
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.