AcornWealthCorp

ALGN - H&S formation short from current level to $171.23

Short
NASDAQ:ALGN   Align Technology, Inc.
ALGN seems forming a H&S formation along with decent insider selling. We think it has good downside potential from current lebel.
To trade this we Could consider the $230 July puts which are currently $13.50.

* Trade Criteria *
Date First Found- February 21, 2018
Pattern/Why- Possible H&S formation
Entry Target Criteria- Current price
Exit Target Criteria- 1st Target $222.13 and 2nd target $171.23
Stop Loss Criteria- $264.30
Indicator Notes- Twiggs money flow heading down
Special Note- Could consider the $230 July puts which are currently $13.50

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/
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.