ALGN - H&S formation short from current price to 222.13 & 171.23
ALGN still looks good as H&S Pattern. It seems declining forming its right shoulder. Money flow is declining. We think it has good downside potential. To trade this we would consider $230 July puts @ $13.50
* Trade Criteria * Date First Found- March 1, 2018 Pattern/Why- Possible H&S formation Entry Target Criteria- From current price Exit Target Criteria- 1st Target $222.13 and 2nd target $171.23 Stop Loss Criteria- $270.30 Indicator Notes- Twiggs money flow coming down sharp. Special Note- We would consider $230 July puts @ $13.50
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