$PNRA - Potential Long.Panera looks to be forming a textbook cup and handle formation.
Watch for the break over $218.00
NASDAQ:PNRA
PNRA
PNRA -- A Pump & Dump Setup?If it walks like a duck, squawks like a duck, and flops around like a duck, it's probably a duck! If it trades like a pump & dump, if the TA is bizarre like a pump & dump, if the volume to price action looks like a pump & dump, IT'S PROBABLY A PUMP AND DUMP.
If all the pundits are trying to keep you in it... hmmmm!
If all the pundits are trying to inspire you to buy it... hmmmm!
Perhaps Wall Street will prop/pump this up on one more wave into 2016, and perhaps NOT. Stay nimble my friends, because this has all the markings of $156 written all over it.
PNRA - Fade the remnants of any Santa RallyOne must short PNRA here at this juncture. Far too many technical divergences exist to indicate a further upside move, as the associated chart will show. Price target will be somewhere along the red trend-line, TBD when it gets there...
Best wishes for profitable trading, and as always, don't buy the hype! Trade the chart!
JACK- Does Everyone Know What A RISING BEARISH WEDGE Look Like?11-6 Does everyone know what a rising bearish
wedge looks like while its building?
You are looking at one in the process of being built.
For informational and educational purposes only.
These are not recommendations, trade at your own risk.
$PNRA completing a MASSIVE double topLooks to me like $PNRA is about to complete a year long double top formation. If current downard trend breaks the baseline, this stock could be in for a blowout. Watching with one hand on the put trigger.
