HOG- Upward channel breakdown short from $55 to $45, 55 Aug put

٢١ أبريل ٢٠١٧

HOG was running within an upward channel formation, which broken just recently. We think with the falling oil price it will decline further. According to Upward channel breakdown we got target or $45.33. To play this we would consider $55 Aug-17 puts

* Trade Criteria *
Date first found- April 20, 2017
Pattern/Why- Upward channel breakdown, Falling Oil price
Entry Target Criteria- Break of $55.87
Exit Target Criteria- $45.33
Stop Loss Criteria- $60.13
Option- $55 Aug-17 Puts

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