PTC Inc.Short
PTC - H&S & channel breakdown short from $51.87 to $44.37
PTC seems breaking down forming a H&S formation. However if H&S formation breaks down, in the long term it could breaks its Upward Channel formation,
So it has very good downside potential.
* Trade Criteria *
Date First Found- August 11, 2017
Pattern/Why- Long term upward channel
Entry Target Criteria- Break of $51.87
Exit Target Criteria- 1st Target $48.13, 2nd Target $44.37
Stop Loss Criteria- $53.87
Please check back for Trade updates. (Note: Trade update is little delayed here.)
So it has very good downside potential.
* Trade Criteria *
Date First Found- August 11, 2017
Pattern/Why- Long term upward channel
Entry Target Criteria- Break of $51.87
Exit Target Criteria- 1st Target $48.13, 2nd Target $44.37
Stop Loss Criteria- $53.87
Please check back for Trade updates. (Note: Trade update is little delayed here.)
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