COO - Double top formation in weekly frame, short from $167.43

21 0 0
COO formed a double top in the weekly frame, and it has broken down all the MA lines. EMA lines crossed to the down side & moneyflow is deep in the negative side.
We think it can decline all the way down to 120 area

On the option side we would consider $170 May Puts

You can check our detailed analysis on COO in the trading room/ Executive summary link here-
Time Span: 7:45"
Trade Status: Pending
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