Short
NEWR- Momentum short setup from $73.70 to $63.57
NEWR seems breaking down forming a inverse fallen angel formation. It has very big insider selling. CEO and CFO ETC. Sold Big %'s over time.
We think it has very strong downside potentioal.
* Trade Criteria *
Date First Found- April 4, 2018
Pattern/Why- Inverse fallen angel pattern
Entry Criteria- Current price ($73.70) (hit April 4, 2018)
Exit Criteria- $63.57
Stop Loss Criteria- $79.57
Indicator Notes- Twiggs money flow declined down below Zero level.
Please check back for Trade updates. (Note: Trade update is little delayed here.)
We think it has very strong downside potentioal.
* Trade Criteria *
Date First Found- April 4, 2018
Pattern/Why- Inverse fallen angel pattern
Entry Criteria- Current price ($73.70) (hit April 4, 2018)
Exit Criteria- $63.57
Stop Loss Criteria- $79.57
Indicator Notes- Twiggs money flow declined down below Zero level.
Please check back for Trade updates. (Note: Trade update is little delayed here.)
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