BATS:P   PANDORA MEDIA INC
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Notes on chart
BreakoutTrader
2 years ago
What do you think will happen in the coming week? Down towards the 100MA?

I'm thinking we will see it move back up past the 8MA towards the upper band and the downward breakout will fail. RSI is low, near 30 which is very low for Pandora. Ascending triangle is generally thought to be a continuation pattern although the real statistic is closer to 50/50 from what I have read. At any rate, I think a move towards the 100MA will really signal a longer correction since P seems to regularly trade above its 50MA.
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