Short
MYOK - Possible upward channel break short from $44.93 to $35.23
MYOK seems possible H&S formation. It has huge insider selling. We think it has huge downside potential.
On the option side, $45 June puts look good (depending if you can get a good fill.)
* Trade Criteria *
Date First Found- April 4, 2018
Pattern/Why- Possible H&S formation
Entry Criteria- $44.93
Exit Criteria- 1st Target $40.23, 2nd Target $35.23
Stop Loss Criteria- $53.72
Indicator Notes- Twiggs money flow deep into the negative side.
Please check back for Trade updates. (Note: Trade update is little delayed here.)
On the option side, $45 June puts look good (depending if you can get a good fill.)
* Trade Criteria *
Date First Found- April 4, 2018
Pattern/Why- Possible H&S formation
Entry Criteria- $44.93
Exit Criteria- 1st Target $40.23, 2nd Target $35.23
Stop Loss Criteria- $53.72
Indicator Notes- Twiggs money flow deep into the negative side.
Please check back for Trade updates. (Note: Trade update is little delayed here.)
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