JACK looks pretty interesting short setup. It had a huge decline below MA200 & holding this support now. Moneyflow has plummeted. It has huge downward potential if it can break the support label.
* Trade Criteria * Date First Found- March 2, 2017 Pattern/Why- Support breakdown Entry Target Criteria- Break of $92.77 Exit Target Criteria- Momentum Special Note- We would consider $95 April Puts @ $3.60 or $95 Jun Puts @ $6.50
Please check back for Trade updates. (Note: Trade update is little delayed here.)
Comment
⋅
Relevant Updates: March 7th - Holding to EMA lines, but did not hit entry price yet. Wait & see situation. March 2nd - Moved a little upward, and adjusted to EMA lines. Yet to meet entry price.
Comment
⋅
March 10th - Seems scooping up. Did not hit entry price, and we may take it off from watch.