JACK looks pretty interesting short setup. It had a huge decline below MA200 & holding this support now. Moneyflow has plummeted. It has huge downward potential if it can break the support label.
* Trade Criteria *
Date First Found- March 2, 2017
Pattern/Why- Support breakdown
Entry Target Criteria- Break of $92.77
Exit Target Criteria- Momentum
Special Note- We would consider $95 April Puts @ $3.60 or $95 Jun Puts @ $6.50
Please check back for Trade updates. (Note: Trade update is little delayed here.)
* Trade Criteria *
Date First Found- March 2, 2017
Pattern/Why- Support breakdown
Entry Target Criteria- Break of $92.77
Exit Target Criteria- Momentum
Special Note- We would consider $95 April Puts @ $3.60 or $95 Jun Puts @ $6.50
Please check back for Trade updates. (Note: Trade update is little delayed here.)
Note
Relevant Updates:March 7th - Holding to EMA lines, but did not hit entry price yet. Wait & see situation.
March 2nd - Moved a little upward, and adjusted to EMA lines. Yet to meet entry price.
Note
March 10th - Seems scooping up. Did not hit entry price, and we may take it off from watch.
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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/
Related publications
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.