BrianChannell

Text book divergence RSI and Price

Long
NASDAQ:PCLN   None
0
On the 60min chart a text book divergence with RSI rising from 20 to 40 while price consolidating around 1090 area. Once price broke 1100 resistance PCLN moved 70+ points - wow nice move if one had options. Price pattern is now an ABCD and wants to test 1220 next.

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