HUN- Upward channel breakdown short from $23.93 to $19.73
HUN is breaking down an upward channel. Moneyflow declined very sharp & it some some insider selling as well.
We think it will decline further & we would consider it as a momentum short from $23.93
* Trade Criteria *
Date First Found- May 30, 2017
Pattern/Why- Upward channel breakdown short
Entry Target Criteria- Break of $23.93
Exit Target Criteria- 1st Target $21.23, 2nd Target $19.73
Stop Loss Criteria- $25.33
Please check back for Trade updates. (Note: Trade update is little delayed here.)
We think it will decline further & we would consider it as a momentum short from $23.93
* Trade Criteria *
Date First Found- May 30, 2017
Pattern/Why- Upward channel breakdown short
Entry Target Criteria- Break of $23.93
Exit Target Criteria- 1st Target $21.23, 2nd Target $19.73
Stop Loss Criteria- $25.33
Please check back for Trade updates. (Note: Trade update is little delayed here.)
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