IGT - Bear flag formation Short from $23 to $20.13
Updated
IGT seems forming a bearish flag formation. A break of $23 will be flag pattern breakdown confirmation. And we think it can go down to $20 area at the breakdown.
* Trade Criteria *
Date first found- March 13, 2017
Pattern/Why- Bear Flag formation
Entry Target Criteria- Break of $23
Exit Target Criteria- $20.13
Stop Loss Criteria- $24.13
Please check back for Trade updates. (Note: Trade update is little delayed here.)
* Trade Criteria *
Date first found- March 13, 2017
Pattern/Why- Bear Flag formation
Entry Target Criteria- Break of $23
Exit Target Criteria- $20.13
Stop Loss Criteria- $24.13
Please check back for Trade updates. (Note: Trade update is little delayed here.)
Comment
March 14th - Waiting for flag formation breakdown.Comment
March 20th - Strong reversal from EMA 9 and Twiggs Money Flow showing weakness. Keeping in watch list for few more days.Comment
March 28th- holding below its MA resistance well. We still like this one.
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