MOMO - Moving average powered Short set up from $16.87 to $13.63

٢٠ ديسمبر ٢٠١٦

MOMO rolling over very nicely with very good divergence moneyflow. Its very volatile & seems to have the power of moving average behind it. Looking a very good short setup

Trade Criteria
Entry Target Criteria- Break of $16.87
Exit Target Criteria- $13.63 or lower
Stop Loss Criteria- $18.37
Option: $17.50 Apr puts @ $2.6

You can check detailed analysis on MOMO in the trading room/ Executive summary link here-
youtube.com/watch?v=MIFne5qVVt0
Time Span- 7:45"
Trade Status: Pending