HOFT - Upward channel breakdown from $40.43 to $32.43 & Lower

NASDAQ:HOFT   Hooker Furnishings Corporation
HOFT is breaking down from an upward channel formation. Twiggs money flow is deep on the negative side, and there was some insider selling. We think it has good downside potential if it breaks its recent support label around $40.43

* Trade Criteria *
Date First Found- December 14, 2017
Pattern/Why- Upward channel breakdown
Entry Target Criteria- Break of $40.43
Exit Target Criteria- 1st Target $32.43, 2nd Target $25.13
Stop Loss Criteria- $45.13
Indicator Notes- Twiggs money flow deep on the negative side.
Special Note- Some insider selling in September

Please check back for Trade updates. (Note: Trade update is little delayed here.)
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