AON - HS formation short from $137.03 to $130 & further down AON seems forming a tall H&S formation. We think it has good downside potentila. We consider our first target at the H&S neckline. However, it can easily go further down.
* Trade Criteria *
Date First Found- December 13, 2017
Pattern/Why- Fallen angel
Entry Target Criteria- $137.03 (hit December 13, 2017)
Exit Target Criteria- 1st Target $132, 2nd Target- Momentum
Stop Loss Criteria- $140.73
Indicator Notes- Twiggs money flow deep in the negative side.
Special Note- Good insider selling
Please check back for Trade updates. (Note: Trade update is little delayed here.)
Doentrend
INFO- Support breakdown short from $43.27 to $35.57; $50 Jan PutINFO broken down from a rising wedge & was consolidating. Now seems breaking down the consolidation & long term support label. If it breaks down, we think it may decline to as low as $35 area.
To trade this down move, we would consider $50 January-2018 Puts, which last traded for $6
* Trade Criteria *
Date First Found- October 25, 2017
Pattern/Why- Support breakdown short
Entry Target Criteria- Break of $43.27
Exit Target Criteria- 1st Target $38.23, 2nd Target $35.57
Stop Loss Criteria- N/A
Special Note- Good insider selling, debt to equity 0.50. January $50 Puts are $6.00 last price.
Please check back for Trade updates. (Note: Trade update is little delayed here.)