ALGN - H&S formation short from current level to $171.23
ALGN seems forming a H&S formation along with decent insider selling. We think it has good downside potential from current lebel.
To trade this we Could consider the $230 July puts which are currently $13.50.
* Trade Criteria *
Date First Found- February 21, 2018
Pattern/Why- Possible H&S formation
Entry Target Criteria- Current price
Exit Target Criteria- 1st Target $222.13 and 2nd target $171.23
Stop Loss Criteria- $264.30
Indicator Notes- Twiggs money flow heading down
Special Note- Could consider the $230 July puts which are currently $13.50
Please check back for Trade updates. (Note: Trade update is little delayed here.)
To trade this we Could consider the $230 July puts which are currently $13.50.
* Trade Criteria *
Date First Found- February 21, 2018
Pattern/Why- Possible H&S formation
Entry Target Criteria- Current price
Exit Target Criteria- 1st Target $222.13 and 2nd target $171.23
Stop Loss Criteria- $264.30
Indicator Notes- Twiggs money flow heading down
Special Note- Could consider the $230 July puts which are currently $13.50
Please check back for Trade updates. (Note: Trade update is little delayed here.)
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