SRNE - Fallen angel type short term Long from $2.08 to $2.63

٢٧ أبريل ٢٠١٧

SRNE seems forming a fallen angel formation. It may not be ready for a long term up trend but certainly ready for a short term push. It also has big insider buying on the 19th April. However We would look for a smaller play as stoploss is quite big here.

* Trade Criteria *
Date First Found- April 26, 2017
Pattern/Why- Fallen angel
Entry Target Criteria- Break of $2.08
Exit Target Criteria- $2.63
Stop Loss Criteria- $1.58 (May consider $1.64)

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