HUN is breaking down an upward channel. Moneyflow declined very sharp & it some some insider selling as well.
We think it will decline further & we would consider it as a momentum short from $23.93
* Trade Criteria *
Date First Found- May 30, 2017
Pattern/Why- Upward channel breakdown short
Entry Target Criteria- Break of $23.93
Exit Target Criteria- 1st Target $21.23, 2nd Target $19.73
Stop Loss Criteria- $25.33
Please check back for Trade updates. (Note: Trade update is little delayed here.)
We think it will decline further & we would consider it as a momentum short from $23.93
* Trade Criteria *
Date First Found- May 30, 2017
Pattern/Why- Upward channel breakdown short
Entry Target Criteria- Break of $23.93
Exit Target Criteria- 1st Target $21.23, 2nd Target $19.73
Stop Loss Criteria- $25.33
Please check back for Trade updates. (Note: Trade update is little delayed here.)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Like what you see? Get full access to our 3X daily members only video/txt alerts & live trading room at smartmoneytrading.com/now
Check out some of our free video examples @ smartmoneytrading.com/insights/
Check out some of our free video examples @ smartmoneytrading.com/insights/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.