CCI - Pennant breakout Earnings play $82.50/$85 Feb-17 Puts

19 янв. 2017 г.

CCI is a very speculative earnings play. It seems forming a pennant formation. we think with the earnings it will breakdown.

Trade Criteria
Date first found - January 13, 2017
Entry Target Criteria- $82.50 or $85 Feb-17 Put options
Exit Target Criteria- $77
Stop Loss Criteria- N/A
Trade Status: Pending

(Note: Trade update is delayed here.)

1 февр. 2017 г.

Комментарий

Relevant Updates:
January 31st- Still trading within the triangle formation, waiting for a breakdown.
January 27th- Nice decline below EMA lines, Looking good as short. Waiting for breakdown to entry price.
January 26th- reported impressive financial results, With the result price went up as high as 3.40% however closed bearish.
January 25th- Traded close to upper resistance but closed bearish. Waiting for Earnings news.
January 24th- Consolidation seems broken to the upside, however still below Resistance label. Never hit entry criteria. Earnings tomorrow after market close.
January 19th- Nice decline from the resistance, but yet to hit entry. But looking good as short.
January 18th- Tested the resistance & closed bearish. Looking good as short.

13 февр. 2017 г.

Комментарий

February 6th- Declined back to Consolidation area, waiting for a breakdown.
February 3rd- Seems the consolidation broken to the upside. Keeping in the watchlist if it's a fake-out.
February 2nd - Still trading within the triangle formation, waiting for a breakdown to meet entry criteria.

24 февр. 2017 г.

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New Trade idea published on February 19, 2017