AcornWealthCorp
Short

AMT-Short at the break of $103.33 to $87.23

NYSE:AMT   AMERICAN TOWER CORP
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2
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Date First Found - November 15, 2016
Pattern/Why- breakdown of trend line and up channel ,
Entry Target Criteria- below $103.33 (hit November 15, 2016)
Exit Target Criteria- $87.23
Stop Loss Criteria- $108.27
Indicator Notes- big drop in Twiggs Money Flow
Comment: Relevant Updates:
January 30th- Declined & closed below entry price, looking good as short.
January 25th- Declining slowly holding below MA50, We still like this as short.
January 20th- seems rolling over testing MA50, wait & see situation.
January 18th- this is still below our stop loss criteria and overhead resistance but is not looking very good as a short.
January 11th- Made a lower low but closed at the top of the range. Still holding below EMA lines & showing downside potential.
January 10th- Made a sharp decline & traded below opening price, money flow declined sharp. Looking good as short now. updating our stop loss criteria to $107.23
January 6th- Seems rolling over & closed below EMA lines.
January 4th- Consolidating just above EMA lines & below MA20. Not looking very good.
December 28th- After some upward run seems rolling over to the down side. Now wait & See.
December 19th- holding below our stop loss criteria but not looking good as a short
December 12th- Retested MA20, but closed below.
December 6th- Strong downward move from EMA lines, looking very good as short.
November 30th- Huge 3.56% decline today and closed below entry price. Looking very good as short.
November 15th- hit entry zone criteria and now we wait and see
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