Short
DPS - Double top formation short from $89.43 to $82/66, $90 Puts
DPS looking good as short. In the weekly chart it has broken down long term channel formation, rallied up & tested from beneath & now rolling over. It also seems forming a double Top formation, it gives a further down target at around 66Would consider a stop at 92.23. $90 October Puts are $3.20
* Trade Criteria *
Date First Found- July 5, 2017
Pattern/Why- Upward channel breakdown, Double Top
Entry Target Criteria- Break of $89.43
Exit Target Criteria- 1st Target $82.23, 2nd Target $66.23
Stop Loss Criteria- $92.23
Please check back for Trade updates. (Note: Trade update is little delayed here.)
* Trade Criteria *
Date First Found- July 5, 2017
Pattern/Why- Upward channel breakdown, Double Top
Entry Target Criteria- Break of $89.43
Exit Target Criteria- 1st Target $82.23, 2nd Target $66.23
Stop Loss Criteria- $92.23
Please check back for Trade updates. (Note: Trade update is little delayed here.)
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