timwest

Pandora - P - Daily - Also Massive Consolidation Triangle

NYSE:P   PANDORA MEDIA INC
424 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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2use
2 years ago
I get all but stop loss, why 24.75? a specific percent from an entry point or the triangle border?
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timwest PRO 2use
2 years ago
Just a small daily range beyond the border of the triangle.
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2use timwest
2 years ago
Got that now, thanx - idea is on my watchlist :)
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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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kieranellery
2 years ago
Hi Tim, noting the violation of the triangle do you still think this is worth holding?
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timwest PRO kieranellery
2 years ago
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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kieranellery timwest
2 years ago
Great, thanks for the advice
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