GBX seems breaking down its Macro frame uptrend & upward channel formation. It has big insider selling from CEO and others. We think it has very good downside potential.
To play this we would consider $50 June puts look
* Trade Criteria * Date First Found- April 4, 2018 Pattern/Why- Long term trend break, Upward channel breakdown short Entry Criteria- $44.43 Exit Criteria- $35.53 Stop Loss Criteria- $52.54 Indicator Notes- Twiggs money flow deep into the negative side. Special Note- Big insider Selling from CEO and others. $50 June puts look reasonable.
Please check back for Trade updates. (Note: Trade update is little delayed here.)
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.