PTX - Flag formation, momentum play from $5.63 or $6.02
PTX was declining from quite long time, as it is coming down from $130. It just started to scope up, seems forming a flag formation. Moneyflow is going up sharp. We think it has very high upside potential, so we would like to consider a momentum position.
* Trade Criteria *
Date first found- May 4, 2017
Pattern/Why- Flag formation momentum play
Entry Target Criteria- Pullback to $5.63 or break of $6.02
Exit Target Criteria- Momentum
Stop Loss Criteria- $4.88
Option- $5 Auguest-17 Calls
Please check back for Trade updates. (Note: Trade update is little delayed here.)
* Trade Criteria *
Date first found- May 4, 2017
Pattern/Why- Flag formation momentum play
Entry Target Criteria- Pullback to $5.63 or break of $6.02
Exit Target Criteria- Momentum
Stop Loss Criteria- $4.88
Option- $5 Auguest-17 Calls
Please check back for Trade updates. (Note: Trade update is little delayed here.)
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