BURL - Rising wedge breakdown short from $89.73/$84.33 to $70.23
BURL broken down from a long term rising wedge, retested the support line & falling down again. We think it has good downside potential.
However we are looking for 2 entry potential, first if it pull back to $89.73 or break down $84.33
* Trade Criteria *
Date First Found- July 25, 2017
Pattern/Why- Rising wedge breakdown short
Entry Target Criteria- Rallies to $89.73 or Drop below $84.33
Exit Target Criteria- $70.23
Stop Loss Criteria- $94.27 or $91.13
Please check back for Trade updates. (Note: Trade update is little delayed here.)
However we are looking for 2 entry potential, first if it pull back to $89.73 or break down $84.33
* Trade Criteria *
Date First Found- July 25, 2017
Pattern/Why- Rising wedge breakdown short
Entry Target Criteria- Rallies to $89.73 or Drop below $84.33
Exit Target Criteria- $70.23
Stop Loss Criteria- $94.27 or $91.13
Please check back for Trade updates. (Note: Trade update is little delayed here.)
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