FMBI seems rolling over after a good upward move, followed by some consolidation. Moneyflow has just plummeted to negative side. We think it will decline now, and we would consider a momentum Short from here.
* Trade Criteria *
Date first found- March 8, 2017
Pattern/Why- Breakdown Momentum short
Entry Target Criteria- Break of $23.87
Exit Target Criteria- $21.37
Stop Loss Criteria- $25.13
Please check back for Trade updates. (Note: Trade update is little delayed here.)
* Trade Criteria *
Date first found- March 8, 2017
Pattern/Why- Breakdown Momentum short
Entry Target Criteria- Break of $23.87
Exit Target Criteria- $21.37
Stop Loss Criteria- $25.13
Please check back for Trade updates. (Note: Trade update is little delayed here.)
交易开始:
March 10th - Declined & traded into opening price. Looking good as short.
评论:
March 14th - Declined from EMA lines, and made lower low. But could not hold to it, wait & see situation.
评论:
March 27th - opened right on its 150 day SMA and closed fairly strong. Updating our stop loss criteria to $24.43
评论:
April 5th - Nice decline & moneyflow also back to negative territory. Looking good as short.
April 10th - further decline holding below EMA lines
April 10th - further decline holding below EMA lines
Like what you see? Get full access to our 3X daily members only video/txt alerts & live trading room at www.smartmoneytrading.com/now
Check out some of our free video examples @ smartmoneytrading.com/insights/
Check out some of our free video examples @ smartmoneytrading.com/insights/
