SBNY seems breaking down forming a H&S formation. It also broken down key support label on huge volume recently. We would consider a short if it breaks below $132.13
* Trade Criteria *
Date First Found- July 20, 2017
Pattern/Why- H&S formation, Key support breakdown short
Entry Target Criteria- Break of $132.13
Exit Target Criteria- $122.13
Stop Loss Criteria- $138.33
Please check back for Trade updates. (Note: Trade update is little delayed here.)
* Trade Criteria *
Date First Found- July 20, 2017
Pattern/Why- H&S formation, Key support breakdown short
Entry Target Criteria- Break of $132.13
Exit Target Criteria- $122.13
Stop Loss Criteria- $138.33
Please check back for Trade updates. (Note: Trade update is little delayed here.)
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