NCLH - Upward channel breakdown short from $52.46 to $45.57

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NCLH seems breaking down from a possible upward channel. it has very heavy insider selling and on the technical side Twiggs money flow sharply down into the negative side. We think it has strong downside potential.

To play this we could consider $60 September Puts (currently $5.30)


* Trade Criteria *
Date First Found- March 23, 2018
Pattern/Why- Upward channel breakdown, smart money short setup.
Entry Criteria- $52.46
Exit Criteria- $45.57
Stop Loss Criteria- $55.88
Indicator Notes- Twiggs money flow deep into the negative side.
Special Note- BIG selling - over 750 million dollars. Could consider $60 September Puts (currently $5.30)

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