Break below $80 support brings more pain ahead

١ مارس ٢٠١٨

P&G is showing weak relative strength in a weak sector (Consumer Staples) and just broke below a key $80 support level. This is likely to bring more pain ahead for this stock as it pulls back spending on weaker revenue growth. Use options to limit your risk such as Put Vertical debit spreads.
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٧ مارس ٢٠١٨

تم فتح الصفقة

Retested $80 resistance level and bounced lower off it, suggests continuation lower.

١٩ أبريل ٢٠١٨

أغلقت الصفقة: تم الوصول للهدف

Target reached at $75 today. Look to take profits on this short.