PTC seems breaking down from Long term upward channel. Moneyflow also broken down to the negative side. We think it can decline as low as $44 area. We would also consider $52.50 July-17 Puts, last traded for $2.30
* Trade Criteria *
Date First Found- May , 2017
Pattern/Why- Upward channel breakdown short.
Entry Target Criteria- Break of $51.43 or Rally to $52.44
Exit Target Criteria- $44.13
Stop Loss Criteria- $54.13
Please check back for Trade updates. (Note: Trade update is little delayed here.)
* Trade Criteria *
Date First Found- May , 2017
Pattern/Why- Upward channel breakdown short.
Entry Target Criteria- Break of $51.43 or Rally to $52.44
Exit Target Criteria- $44.13
Stop Loss Criteria- $54.13
Please check back for Trade updates. (Note: Trade update is little delayed here.)
Like what you see? Get full access to our 3X daily members only video/txt alerts & live trading room at www.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/