PLAY - Short at the break of 39.43 to as low as 28
PLAY is forming a potential head & shoulder. It is rolling over & moneyflow is rolling over too. It also had insider selling recently.
It has good potential to go down from here to 28 area, and for short we have very good risk-reward ration over 5:1.
For trade we are also considering $40 January puts.
You can check our detailed analysis on PLAY in the trading room/ Executive summary link here-
youtube.com/watch?v=Je2x2BGsm8U
Time Span: 1:45"
Trade Status: Pending
It has good potential to go down from here to 28 area, and for short we have very good risk-reward ration over 5:1.
For trade we are also considering $40 January puts.
You can check our detailed analysis on PLAY in the trading room/ Executive summary link here-
youtube.com/watch?v=Je2x2BGsm8U
Time Span: 1:45"
Trade Status: Pending
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