TRMB - Breakdown short setup from $38.51 to $34.17
TRMB was on our watch list form December. We were looking for the break of its upward channel formation. At last, it has broken down its Uptrend & Major EMA lines. It also has huge insider selling. We think it will continue downward from here.
* Trade Criteria *
Date First Found- February 21, 2018
Pattern/Why- Downward Momentum Play
Entry Criteria- Break of $36.37; Aggressive entry at current price ($38.51). (Hit February 22, 2018)
Exit Criteria- 1st Target $34.17 and 2nd Target $30.73
Stop Loss Criteria- $41.77
Indicator Notes- Twiggs money flow deep into the negative side.
Special Note- Lots of insider selling
Please check back for Trade updates. (Note: Trade update is little delayed here.)
* Trade Criteria *
Date First Found- February 21, 2018
Pattern/Why- Downward Momentum Play
Entry Criteria- Break of $36.37; Aggressive entry at current price ($38.51). (Hit February 22, 2018)
Exit Criteria- 1st Target $34.17 and 2nd Target $30.73
Stop Loss Criteria- $41.77
Indicator Notes- Twiggs money flow deep into the negative side.
Special Note- Lots of insider selling
Please check back for Trade updates. (Note: Trade update is little delayed here.)
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