PCLN expected to open at 1222 for a Retest Gap. To learn to trade this strategy for free go to www.RealLifeTrading.com
PCLN formed a nice top over the time of almost a year. In the beginning of october the price broke below the major support zone that was its lower boundary during this stage 3 topping phase. PCLN moved about 9% lower and rebounded to the prior support zone. The volume has risen during the decline and contracted nicely during the intermediate term uptrend (the...
Narrow descending channel, touched 127.2 fib. arc a few ticks to bull shark completion
PCLN is back on my radar as they're pricing out a large debt issue. Typically this is done before a large share buyback or a major acquisition. Whether this is good or bad for the stock is up for debate, but it does mean a catalyst for volume will be coming. I'm personally opening up a long position as there are three indicators like: PRICE - This stock has...
Please see notations on chart. Current short term down trend appears to be price divergence opportunity for a short term buy. Daily candle closing value will lead the way on direction. Closing within Initial BUY/SELL zone will prove divergence play OR a breach and close below Initial zone will prove bearish.
Daily accumulation is starting to return, which may indicate the worst selling is over. Break above 10 day resistance may serve as an indicator that this stock is ready to run to it's next point, the ~$1250 range.