CPB
the offer is in saving the chart of another bought out company
notice the candles before the announcement 12/18/17
CPB - Fallen angel & channel pattern Long from 53.15 up to 74.33CPB seems forming a fallen angel pattern. It also looks like a potential longer term downward channel, and at this moment it is reversing from the lower channel line. It has good insider buying. Overall it looks very good long setup. We would consider $52.50 November Calls $2.15 or $57.70 November calls are $0.55
* Trade Criteria *
Date First Found- July 25, 2017
Pattern/Why- Fallen angel pattern, Downward channel
Entry Target Criteria- Break of $53.13
Exit Target Criteria- 1st Target $55.87, 2nd Target $61.77, Third Target is $74.33
Special Note- We would consider $52.50 November Calls $2.15 or $57.70 November calls are $0.55
Please check back for Trade updates. (Note: Trade update is little delayed here.)
