FMBI - Breakdown Momentum short from $23.87

9 Mar 2017

FMBI seems rolling over after a good upward move, followed by some consolidation. Moneyflow has just plummeted to negative side. We think it will decline now, and we would consider a momentum Short from here.

* Trade Criteria *
Date first found- March 8, 2017
Pattern/Why- Breakdown Momentum short
Entry Target Criteria- Break of $23.87
Exit Target Criteria- $21.37
Stop Loss Criteria- $25.13

Please check back for Trade updates. (Note: Trade update is little delayed here.)

13 Mar 2017

İşlem aktif

March 10th - Declined & traded into opening price. Looking good as short.

16 Mar 2017

Not

March 14th - Declined from EMA lines, and made lower low. But could not hold to it, wait & see situation.

12 Nis 2017

Not

March 27th - opened right on its 150 day SMA and closed fairly strong. Updating our stop loss criteria to $24.43

12 Nis 2017

Not

April 5th - Nice decline & moneyflow also back to negative territory. Looking good as short.

April 10th - further decline holding below EMA lines