Short
ANDV - Double top formation short from $102 to $85 & 97.50 Puts
ANDV seems forming a double top here with a strong Twiggs money flow divergence. We think it has good downside potential.
To play this we would consider $97.50 May Puts.
Relevant Updates:
* Trade Criteria *
Date First Found- February 5, 2018
Pattern/Why- Double top on Weekly chart
Entry Criteria- Short at current price ($102.00) (Hit February 5, 2018)
Exit Criteria- $85.13
Stop Loss Criteria- $103.17 (Updated February 14, 2018)
Indicator Notes-Twiggs money flow declined to the negative side
Special Note- Some small insider selling. We would look at the $97.50 May Puts.
Please check back for Trade updates. (Note: Trade update is little delayed here.)
To play this we would consider $97.50 May Puts.
Relevant Updates:
* Trade Criteria *
Date First Found- February 5, 2018
Pattern/Why- Double top on Weekly chart
Entry Criteria- Short at current price ($102.00) (Hit February 5, 2018)
Exit Criteria- $85.13
Stop Loss Criteria- $103.17 (Updated February 14, 2018)
Indicator Notes-Twiggs money flow declined to the negative side
Special Note- Some small insider selling. We would look at the $97.50 May Puts.
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/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.