ANTM has been one of the true beneficiaries of the Trump rally. However, notice how volume has been slowly decreasing since Feb 2017 (blue line). The last breakout attempt failed to generate momentum which may indicate the long side is a crowded trade. Prefer the short side on this one considering a generous risk:reward ratio.
Short Entry: $195.50
Stop Loss: $199.67
Initial Target: $173
Risk/Reward Ratio: 1/5.47
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Short Entry: $195.50
Stop Loss: $199.67
Initial Target: $173
Risk/Reward Ratio: 1/5.47
If you like this commentary, please click like and follow FlashPoint Trading. Thanks!
Comment:
After $14 move we may see consolidation or bounce here. Be sure to use a trailing stop to protect gains.
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