VCIT was one of our recent Short alert. It is running within a broad Upward channel, noticeable in weekly frame. Moneyflow was diverging & now in the negative side. We been waiting for the perfect entry point & now it seems ready to fall. We think it can decline down to $79 area.
* Trade Criteria *
Date first found- March 14, 2017
Pattern/Why- Longterm Upward...
AMD crossed below EMA lines after a good upward run. It has moneyflow divergence. Now it seems testing its overhead resistance from beneath, and we think it will fail to cross above & decline from here.
* Trade Criteria *
Date first found- March 8, 2017
Pattern/Why-Upward channel breakdown
Entry Target Criteria- Break of $12.96
Exit Target Criteria-...
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...
