H - Double top formation short from $76.87 to $$66 & $80 Aug Put
H is forming a beautiful double top with strong Twiggs money flow divergence. We think it has strong down side potential if it breaks its 50 day moving average. We would consider $80 August puts @ $4.50
* Trade Criteria * Date First Found- February 27, 2018 Pattern/Why- Double Top formation Entry Criteria- From current level ($76.87) (Hit February 28, 2018) Exit Criteria- 1st Target $66.63; 2nd Target- Momentum Stop Loss Criteria- $83.41 Indicator Notes- Twiggs money flow index declined sharp below zero. Special Note- Could consider $80 August puts @ $4.50
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