Patrick Industries, Inc.Viés de baixa
PATK - Pennant breakdown short from $55.22 to $48.13
PATK seems very interesting short setup. It has broken down from a pennant formation. It is breaking down a long term support,
and it also has a double top formation. All these technical suggesting a decline. We think it has strong downside potential.
* Trade Criteria *
Date First Found- April 18, 2018
Pattern/Why- Support breakdown short, Double top & Pennant formation
Entry Criteria- $55.22
Exit Criteria- $48.13
Stop Loss Criteria- $57.82
Indicator Notes- Twiggs money flow declined sharply to the negative side
Special Note- Insider selling
Please check back for Trade updates. (Note: Trade update is little delayed here.)
and it also has a double top formation. All these technical suggesting a decline. We think it has strong downside potential.
* Trade Criteria *
Date First Found- April 18, 2018
Pattern/Why- Support breakdown short, Double top & Pennant formation
Entry Criteria- $55.22
Exit Criteria- $48.13
Stop Loss Criteria- $57.82
Indicator Notes- Twiggs money flow declined sharply to the negative side
Special Note- Insider selling
Please check back for Trade updates. (Note: Trade update is little delayed here.)
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