0XHL trade ideas
AON - MAY BE NOW? Aon is a professional services firm providing a range of risk, retirement, health solutions insurance and reinsurance brokerage.
Ok, I think the time has come. The price has exceeded 200MA and it's definitely good! I have long been waiting for the opportunity to buy this paper.
It is necessary to take into account the $ 145 level and the upper boundary of the downtrend (pennant, if you want), which are very strong resistance levels.
In general, the paper looks very decent. Just look at this:
P/E 49.26
Forward P/E 15.72
Open 142.19
SL 140.42
TP 149.27
Good luck!
AON - HS formation short from $137.03 to $130 & further down AON seems forming a tall H&S formation. We think it has good downside potentila. We consider our first target at the H&S neckline. However, it can easily go further down.
* Trade Criteria *
Date First Found- December 13, 2017
Pattern/Why- Fallen angel
Entry Target Criteria- $137.03 (hit December 13, 2017)
Exit Target Criteria- 1st Target $132, 2nd Target- Momentum
Stop Loss Criteria- $140.73
Indicator Notes- Twiggs money flow deep in the negative side.
Special Note- Good insider selling
Please check back for Trade updates. (Note: Trade update is little delayed here.)
Followed up with my AON postA look back to my AON post a month ago, when selling was so aggressive causing the price to fall vertically, i identified a channel bottom price to enter, taking into account that a false breakdown might happen.
And it did, my 1st long call options were triggered around 78.5 but 77 was not triggered.
Took my profit when price broke up of my original downtrend channel, like i always do, expecting a break out so i can have more profit. Yes, i sold my long call @88 but i do not know this bull is so stubborn.
Hence i totally miss out on the upward price from 88 - 90.5. It doesn't affect me because i know surprise happens :-)
Now, i have added a new less steep downtrend channel based on latest price action.
Put options @90.5 triggered taking into account that the bull might continue charging back to the undercut of uptrend channel top!!
Indicator wise: MACD line was too separated apart, need to close, RSI trendline still up, and look out whether it breaks the support. I do not bother to wait. Short first.
Note: This is a extremely aggressive approach which will 100% incur loses for a much greater return (which might not happen). Hence all my post should not be construed as an advice to trade as it is. Please do your due diligence as well.