HCN/WEL - Longterm H&S formation short from $67.47 to $54.20/$28

2018年3月18日

HCN formed a beautiful longterm H&S formation. Money flow heading down. We think it has Long-term downward potential.
To play this we would look at $47.50 January 2019 Puts currently $2.75

* Trade Criteria *
Date First Found- November 27, 2017
Pattern/Why- H&S formation in weekly frame
Entry Criteria- current price ($67.47) (hit November 28, 2017)
Exit Criteria- 1st Target $58.20 (Hit February 1, 2018), 2nd Target $54.20 (Hit February 9, 2018) and Long term Target $28
Stop Loss Criteria- $60.43 (updated February 5, 2017)
Indicator Notes- Very poor Financial ratios (P/C: 105.23, P/FCF:110)
Special Note- Would look at $47.50 January 2019 Puts currently $2.75.


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