Dow drops 666 points :( #4 CPB )The sky is falling and the ground is the limit but wait for a support or rebound around the 40.00 area. Wait for the worst. This idea work for swing traders Shortby Alex_Quiroga9
CPB - Fallen angel & channel pattern Long from 53.15 up to 74.33CPB seems forming a fallen angel pattern. It also looks like a potential longer term downward channel, and at this moment it is reversing from the lower channel line. It has good insider buying. Overall it looks very good long setup. We would consider $52.50 November Calls $2.15 or $57.70 November calls are $0.55 * Trade Criteria * Date First Found- July 25, 2017 Pattern/Why- Fallen angel pattern, Downward channel Entry Target Criteria- Break of $53.13 Exit Target Criteria- 1st Target $55.87, 2nd Target $61.77, Third Target is $74.33 Special Note- We would consider $52.50 November Calls $2.15 or $57.70 November calls are $0.55 Please check back for Trade updates. (Note: Trade update is little delayed here.)Longby AcornWealthCorp3
Sell Short CPB here with Stop at 51.77...Risk reward ratio is 6 CPB is pulling back into Market Profile Overhead resistance ...stock has been consistent under-performer with 10 day relative change to the S&P -2.41 % (smoothed over 50 day). Looks like a good short here ...RR reward is good too.Shortby TradeSteve3
bottom of cloud gap down short breaks cloud soup unpopularmacd crossed/percent r and cci in bottom/adx good /large caps weak/use limit/stop loss top of cloud/consumer dislike soap optionsby penniestothousands0