Waiting game till further confirmation.
Monthly Bearish price seems to respect every -OB Weekly in retracement to the -OB mth Which is in premium array Equal highs to be raided Creation of BMS Looking for a BMS to the weekly -OB mth RTO on lower tf and sell
Buying BMS 102017 45 C for around 3.00 seen some unusual options activity and heard news of takeout chatter on bloomberg
BMS coming out of an upward channel, and appears to be coming out of a previous Head & shoulder formation. It also has quite chunk of insider selling. On the option side we would consider $50 April-17 Puts, last traded for $2 * Trade Criteria * Date first found- March 7, 2017 Pattern/Why- Upward channel breakdown Entry Target Criteria- Break of $48.17 Exit...