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Synaptic724
Dec 17, 2018 6:38 PM

PKG Short Short

NYSE:PKG1D
Packaging Corporation of AmericaNYSE

Description

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SPY breakdown leading to overall downtrend, PKG seems to have fizzled out of its ER catalyst cannot hold these levels I predict its going lower.

Strike $85 $2.4 Stop at 1.2

May go lower if spy continues
Trend AnalysisBearish Patternsshortputcontinuationdoublebottom
Comments
Synaptic724
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Closed trade at 2.55 as I thought this trade would go against me.
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