Plains GP Holding not holding it no more. PAGPWe do not actually know the fundamentals of this company, but going by the chart alone, this one still has a bit to drop. And that it will, because fractals never lie.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
PAGP
PAGP- Momentum Short from $27.93 to as los as $15; $29 Aug PutPAGP is looking a very good Momentum short setup. It seems broken down from a falling wedge formation. Moneyflow also had a strong decline to the negative side. We think it will be a good momentum short trade up to as low as $15.
* Trade Criteria *
Date First Found- May 4, 2017
Pattern/Why- Wedge breakdown momentum short.
Entry Target Criteria- Break of $27.93 or Pull back to $9.15
Exit Target Criteria- Momentum Trade (As low as $15)
Stop Loss Criteria- $ 30.23
Option- We would also consider $29 August puts @ $1.95
Please check back for Trade updates. (Note: Trade update is little delayed here.)