PGRE is running within an upward channel. If it gets up-to $18 to its upper Channel line, this could be interesting in the short side. As $18 is a major resistance label as well. We think it can reverse from there & can go all the way down to $15 area.
* Trade Criteria * Date First Found- February 28, 2017 Pattern/Why- Upward channel reversal & breakout Entry Target Criteria- short between 18.00 and 18.05 Exit Target Criteria- Momentum ($15.20) Stop Loss Criteria- $18.40
Please check back for Trade updates. (Note: Trade update is little delayed here.)
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March 6th- never rallied into our entry zone criteria, we will review in Trading Room tomorrow and we may consider a new entry zone criteria