PAGP- Momentum Short from $27.93 to as los as $15; $29 Aug Put
PAGP is looking a very good Momentum short setup. It seems broken down from a falling wedge formation. Moneyflow also had a strong decline to the negative side. We think it will be a good momentum short trade up to as low as $15.
* Trade Criteria *
Date First Found- May 4, 2017
Pattern/Why- Wedge breakdown momentum short.
Entry Target Criteria- Break of $27.93 or Pull back to $9.15
Exit Target Criteria- Momentum Trade (As low as $15)
Stop Loss Criteria- $ 30.23
Option- We would also consider $29 August puts @ $1.95
Please check back for Trade updates. (Note: Trade update is little delayed here.)
* Trade Criteria *
Date First Found- May 4, 2017
Pattern/Why- Wedge breakdown momentum short.
Entry Target Criteria- Break of $27.93 or Pull back to $9.15
Exit Target Criteria- Momentum Trade (As low as $15)
Stop Loss Criteria- $ 30.23
Option- We would also consider $29 August puts @ $1.95
Please check back for Trade updates. (Note: Trade update is little delayed here.)
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