SBGI trade ideas
Symmetrical Continuation Triangle ($22)If confirmed expect a possible downside target price at and around 20% from today's close. If you decide to take a short position, make your stop loss at recent swing high with target price $22. If you want a real time alert on this security try us www.2wyatrading.com
UPDATE - SBGI - great earnings and chartPullback
Status: watching
Point system: 1 = meets criteria, 0 = fails or not applicable
Total points: 8
Horizontal S&R: 1
Channel S&R: 1
MA S&R: 1
Pearson's R >= 85: 0
Price Pullback Fib >0.3802: 1
Next Earnings date: 8/5
Favorable EPS: 1, beat
Favorable Rev: 1, beat
Short Float:
*stop 1 atr below swing low.
** first price target is 50% the move from entry price to previous high.
***No Biotech
Any feedback is welcomed! Thx
Cost basis:
Stop:
First price target: