BAX seems breaking down from an upward channel. It had some recent insider selling in big quantities. It just broken down below 200 days moving average. We think it has good downside potential. To Play this we could consider may $62.50 Puts. ($1.20 currently) * Trade Criteria * Date First Found- March 28, 2018 Pattern/Why- Inverse Bump & Run continuation....
Purchase of shares after the rebound from the support level and 200MA, which tells us about the upward trend. At the moment, almost the whole market draws the same picture, it's a pennant. It can be assumed that the market will continue to grow, based on data on the growth of long-term investments in the market and the reduction of short positions. Open 68.76 SL...
see red down trend lines NICE PARALLELITY