FIVN is forming a nice downward momentum short setup. It has some insder selling & Twiggs money flow going down sharp to the negative side. We think it has good downside potential.
To play this we Could consider $30 July puts currently $2.65
Date First Found- April 4, 2018
Pattern/Why- Downward momentum short setup
Entry Criteria- $26.43
Exit Criteria- 1st...
Here is another setup I like in which 3 month and 1 year charts show a definitive upward trend. All the moving averages are upward sloping as well. I'd look for entry above previous day's highs. Stops would be placed around $11.92 for a tight stop, but possibly using the 40 day moving average for a more conservative stop would work out as well.