AON - HS formation short from $137.03 to $130 & further down

14 בדצמ׳ 2017

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.)