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SCMP - Breakdown short from $9.95 to $9.05
SCMP seems just starting to rollover breaking an upward channel. It has significant insider selling. We think it has strong downside potential if it can break its long term trend line around $10
* Trade Criteria *
Date First Found- October 25, 2017
Pattern/Why- Inverse Bump & run formation, Upward channel breakdown
Entry Target Criteria- Break of $9.95
Exit Target Criteria- $9.05
Stop Loss Criteria- $10.45
Please check back for Trade updates. (Note: Trade update is little delayed here.)
* Trade Criteria *
Date First Found- October 25, 2017
Pattern/Why- Inverse Bump & run formation, Upward channel breakdown
Entry Target Criteria- Break of $9.95
Exit Target Criteria- $9.05
Stop Loss Criteria- $10.45
Please check back for Trade updates. (Note: Trade update is little delayed here.)
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