SLCA - Upward channel breakdown Short trade, target $30

4 Jan 2017

SLCA is running in a long upward channel. However it seems getting weak & it has strong moneyflow divergence.

Trade Criteria
Entry Target Criteria- Speculative entry at current price or Break of $49.93
Exit Target Criteria- $31
Stop Loss Criteria- N/A

You can check detailed analysis on SLCA in the trading room/ Executive summary link here-
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Time Span- "
Trade Status: watchlist

13 Feb 2017

Catatan

Relevant Updates:
February 10th- Traded upward, but closed very bearish at the bottom of the range. Putting a stoploss at $60.07 February 9th- Traded upward & tagged to EMA 9, still looking good as short.

February 8th- Declined & hit new entry price. But went up & closed higher. Wait & see situation
February 7th- seems to be rolling over. A break below $55.00 could be a new entry single. We would consider March $55.00 Puts currently $3.50

January 30th- seems like this could be looking more bearish again. Has never hit our entry zone criteria but something we will keep our eye on.

24 Feb 2017

Catatan

February 22, 2017 (AMC)- Reported $0.09 loss for the quarter, but it was $0.1 better than forecast of $0.10 loss, and revenue was a little better as well.

February 23rd- In reaction to the earnings last evening share price dropped huge 10.37% today, and $55 March-17 puts traded as high as $3.40

16 Mar 2017

Catatan

February 28th- Declined huge 3.91% today & closed at the bottom of the range. $55 March-17 puts traded as high as $5.10, that is 45% higher from entry price.

March 8th - Declined huge 8.29% today, and closed at the bottom of the range. Very good trade so far. $55 March-17 puts traded as high as $7.4, that is 110% higher from entry price. And June $55 puts up from $5.90 to $8.80. We may consider taking some profit from March Puts.

16 Mar 2017

Trading ditutup: target tercapai

March 14th - Wow! Traded down sharp 8.4% & made a lower low. Very good trade so far. $55 March-17 puts last traded for $11.61, that is 2.31% higher from entry price. And June $55 puts last traded for $12.30, 108% higher from entry. We would consider taking some profit here.