Tecnologia_Financiera
Short

ONB Chart Decreasing Channel for shorting

NASDAQ:ONB   OLD NATIONAL BANCORP(INDIANA)
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The ONB chart has been forming a plain Decreasing Channel pattern since November last year, hitting six times the line above and three times the line below. This shows a convincing pattern that provides information to set a short position around $17.95. In order to prevent a breakout in the top line, set a Stop Loss on $18.30 (-1.95%) and a Take Profit on $16.15 (+10.03%). Ratio Risk/Reward 5.14

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