timwest

Pandora - P - Daily - Also Massive Consolidation Triangle

NYSE:P   PANDORA MEDIA INC
425 7 3
I had looked for Pandora to launch out of the triangle and also to hold the key levels marked on the chart. The slide below the key levels didn't violate the lower end of the triangle.

For the brave, a close UP on the day today above Friday's high would set-up another clear long entry level. A cross above $27 would cause me to add to positions. A close above $26.90 would also lead me to increase positions. A day completely above the green lines would further cause me to add to positions.

$24.75 stop, intraday and closing basis. (Partial on each).

Tim 8:59AM EST 26.14 last Pandora
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Hi Tim, noting the violation of the triangle do you still think this is worth holding?
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timwest PRO kieranellery
Look for the entire session to go below the triangle. If you are short the entire market through SPY or IWM, then you can hold on a little better. If it takes out today's low tomorrow, then I'd sell.
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Great, thanks for the advice
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thanks, will use the most recent swing high as my entry point. financials look a little stinky but they are getting new users and hopefully their international foot print will expand
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I get all but stop loss, why 24.75? a specific percent from an entry point or the triangle border?
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Just a small daily range beyond the border of the triangle.
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2use timwest
Got that now, thanx - idea is on my watchlist :)
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