PTC was our intraday text alert, sent to our subscribers. It seems Breaking down a complex Head & shoulder formation. Moneyflow also diverging & head sharply to the negative side. We think it can decline as low as $44
* Trade Criteria * Date First Found- March 23, 2017 (Sent through our intraday text alert) Pattern/Why- complex head and shoulders Entry Target Criteria- break below $54.03 Exit Target Criteria- Target 1 $44.13 Stop Loss Criteria- $55.13
Please check back for Trade updates. (Note: Trade update is little delayed here.)
You can check detailed analysis on -- in the trading room/ Executive summary link here- youtube.com/watch?v=rqvEdS4G8xw Time Span- "
Trade active
March 23rd- hit our entry zone criteria and this is looking awesome
March 28th - holding below its MA resistance well. We still like this one.
Note
April 5th - Nice decline breaking the channel formation with higher volume. Looking very good as short. Updating stoploss to $53.43
Note
April 6th - We are liking this as short & we would Consider July $50 Puts if we break through $50.09 .They are currently $2.68
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.