BHGE - Overextended from Bearish Channel Short

Description

⋅ Sep 28, 2018 4:38 PM

BHGE is overextended from current bearish channel.

Price target is $31 for October, but watch for a drop in price Monday to confirm.

This content is for informational purposes only, you should not construe any such information as investment, financial, or other advice.
-Wextini

Chart Patterns

Comments

Swingman39

⋅ Oct 2, 2018 2:42 PM

GREAT call on this - Friday's drop back down to opening price was all the confirmation I needed that this was exhausted, added $33 puts, currently +100% ad the price is at $32.08

Wextini

⋅ Oct 2, 2018 2:48 PM

@Swingman39, Thank you! I'll probably sell my puts today as I have a comfortable profit as well.