XYL - inverted flag formation short from $46.63 to $40 area.

XYL seems breaking down underneath Resistance, and seems forming a flag formation. Downward volume is increasing & moneyflow is going down as well. We think if it can break below $46.63 it can go all the way down to $40 area.

* Trade Criteria *
Date first found-February 9, 2017
Pattern/Why- Resistance breakdown, Inverted flag formation
Entry Target Criteria- Break of $46.63
Exit Target Criteria- $40.63
Stop Loss Criteria- $49.13

(Note: Trade update is delayed here.)

Comentário:

February 21st- Went up & tested MA20, Did not hit our entry yet, and not showing any weakness. However keeping in watchlist for few more days.