PLNT - Trend breakdown short from $19.83 to $17.13

PLNT is breaking down all the moving averages and its trend line support. Moneyflow was diverging & recently plummeted down to negative side. We think it will decline further to $17 area, if it can break $19.83

* Trade Criteria *
Date first found- March 14, 2017
Pattern/Why- Trend breakdown short
Entry Target Criteria- Break of $19.83
Exit Target Criteria- $17.13
Stop Loss Criteria- $21.13

Please check back for Trade updates. (Note: Trade update is little delayed here.)

Zlecenie aktywne:

March 22nd- Nice downward move today with good volume. Hit our entry price and declined further. Looking very good.

Komentarz:

March 27th- created a lower low and is looking good. Updating our stop loss criteria to $20.53

Komentarz:

April 10th - nice counter market move, looking very good as short.