MMM Seems breaking down from an upward channel formation & also breaking down below 200 days moving average. It has fair amount of insider selling. We think it will continue downward from here.
To play this we Could consider July $200 Puts (currently 2.10)
* Trade Criteria *
Date First Found- March 23, 2018
Pattern/Why- - Upward channel breakdown short
Entry Criteria- $221.87
Exit Criteria- 1st Target $200.73 & 2nd Target $184.70
Stop Loss Criteria- $238.57
Indicator Notes- Negative Twiggs money flow index
Special Note- Insider selling a few 29-36% selling. Could consider July $200 Puts (currently $2.10)
Please check back for Trade updates. (Note: Trade update is little delayed here.)
To play this we Could consider July $200 Puts (currently 2.10)
* Trade Criteria *
Date First Found- March 23, 2018
Pattern/Why- - Upward channel breakdown short
Entry Criteria- $221.87
Exit Criteria- 1st Target $200.73 & 2nd Target $184.70
Stop Loss Criteria- $238.57
Indicator Notes- Negative Twiggs money flow index
Special Note- Insider selling a few 29-36% selling. Could consider July $200 Puts (currently $2.10)
Please check back for Trade updates. (Note: Trade update is little delayed here.)
Like what you see? Get full access to our 3X daily members only video/txt alerts & live trading room at smartmoneytrading.com/now
Check out some of our free video examples @ smartmoneytrading.com/insights/
Check out some of our free video examples @ smartmoneytrading.com/insights/
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Like what you see? Get full access to our 3X daily members only video/txt alerts & live trading room at smartmoneytrading.com/now
Check out some of our free video examples @ smartmoneytrading.com/insights/
Check out some of our free video examples @ smartmoneytrading.com/insights/
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.