WDAY seems breaking down forming a double top. It is rolling over nicely, and moneyflow also turning negative. We think it will be a good hedge for all the Longs we have.
* Trade Criteria * Date First Found- May 11, 2017 Pattern/Why- Double top breakdown, Hedge position Entry Target Criteria- Break of $88.43 Exit Target Criteria- 1st Target $88.43, 2nd Target $70.23 Stop Loss Criteria- $90.76 Please check back for Trade updates. (Note: Trade update is little delayed here.)
You can check detailed analysis on -- in the trading room/ Executive summary link here- youtube.com/watch?v=OQYluBQpvTg Time Span- "
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