Short SYK to 140 and 120 Short

Stryker CorporationNYSE

Description

⋅ Nov 24, 2018 1:10 AM

SYK about to drop below the neckline. weekly divergence and bearish candle confirms the downside. TP 140, 120 P/L ~17% and 27%

Comments

lsnyd0

⋅ Nov 24, 2018 8:33 PM

How fast will it drop, will add more puts for jan feb, currently have puts for dec 28

KeyTrade

⋅ Nov 24, 2018 10:43 PM

@lsnyd0, It really will depends on how strong the previous volume condensed area reacts. I will say pretty fast.