FNSR seems breaking down from a double top. We can see nice Adam & Eve top formation. As it breaks the support label it can decline all the way down to $20 area.
* Trade Criteria * Date first found- March 13, 2017 Pattern/Why- Double top short Entry Target Criteria- Break of $26.38 Exit Target Criteria- $20.13 Stop Loss Criteria- $28.13
Please check back for Trade updates. (Note: Trade update is little delayed here.)
Trade attivo
March 14th - Hit entry price in the morning, declined further down and closed at the bottom of the range. Looking very good as short. Would also consider June $26 Puts currently $2.15
Trade chiuso: stop raggiunto
March 28th - Stopped out, but we are keeping it in the list for possible re-entry. We still like it as short & waiting for proper entry point.
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