PGRE - Potential Upward channel reversal Short trade from $18

2 Mar 2017

PGRE is running within an upward channel. If it gets up-to $18 to its upper Channel line, this could be interesting in the short side. As $18 is a major resistance label as well. We think it can reverse from there & can go all the way down to $15 area.

* Trade Criteria *
Date First Found- February 28, 2017
Pattern/Why- Upward channel reversal & breakout
Entry Target Criteria- short between 18.00 and 18.05
Exit Target Criteria- Momentum ($15.20)
Stop Loss Criteria- $18.40

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

13 Mar 2017

Not

March 6th- never rallied into our entry zone criteria, we will review in Trading Room tomorrow and we may consider a new entry zone criteria