Short
PCLN
Looks bearish as it is in a mini downward channel from the all-time highs & looks like possible distribution is going on right before a b/o of the macro upward trendline......if it does b/o from the upward trendline then the 1st tgt.=1014 level which is the 23% Fib ret. from the 5/13' rally & the 2nd tgt.=962 which is the 38% Fib.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.