TRMB is just breaking down through support from a beautiful upward channel formation. Money flow is very negative, and it has massive insider selling. We think it has very good downside potential. This would be a good stock short however, we would also consider $40 May-18 Puts.
* Trade Criteria * Date First Found- December 13, 2017 Pattern/Why- Upward channel breakdown short Entry Target Criteria- May $40 puts Exit Target Criteria-1st Target $32.57, 2nd Target $28.63 Stop Loss Criteria- $44.17 or $42.13 Indicator Notes- Moneyflow divergence Special Note- Massive insider selling, big on % wise
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.