ZAYO - Bull Flag forming after recent price momentum. Short term outlook appears to be bullish. Lots of discussions that ZAYO will be acquired for low/mid $30's by one of Blackstone/Google(alphabet)/Century Link.
ZAYO seems to be breaking down. It could be possibly a Long term H&S formation. It had 168 million worth insider selling recently , and huge more insider selling from January till now. We think it has strong downside potential. * Trade Criteria * Date First Found- December 5, 2017 Pattern/Why- Potential Longer term H&S formation Entry Target Criteria- Current...
There are two volume based indicators are plotted in upper panel andthe bottom panel indicator is about to cross 80 line. Go Long.
ZAYO expected to open at 29.35 for a Gap N Go. Watch out for nearby pivots. To learn to trade this strategy for free go to www.RealLifeTrading.com