Pandora Media - P - Base building from 18-15 since December

466 3 8
The base building action in Pandora is evident on this time frame as the whippy, expanding price pattern where the price makes higher highs then reverses and makes lower lows, only to reverse around again and make higher highs (over and over) is setting up some very interesting basing action.

The 11-day CCI (at bottom) is turning up from -100 which is a bullish signal when put together with an uptrend in RgMov.

The "RgMov" trend indicator is at the top end of the 2 month range, which means it is in an uptrend. The recent drop to 16 was a nice re-test of the base pattern. The futures in the S&P500             are down 1% overnight, so I will look for a move down to 17.25 for an entry this week for an upside target of 20.50 with a downside stop at 16.

Pandora has been a tough one on the charts in the last 6 months, but it has been building a strong subscriber base despite competition from Apple             , Spotify and other internet streaming services. Keep an eye on Pandora!


10:06PM Sunday, August 30, 2015
Subscribe to my indicator package KEY HIDDEN LEVELS $20/mo or a discount for a year and join in the trading room KEY HIDDEN LEVELS here at TradingView.com
I can't get my limit price here at 17.25 even with the market down 400 points on the DJIA. I think it's time to just step in and buy right here at $17.50 and tighten the stop to $17.00. I think if you short AAPL against this trade too, that might add some additional protection to the trade. Risk just 5% overall or 1% of equity.
I was using soundcloud recently, not sure if they are publicly traded, but it's a great streaming service.
Very nice chart Tim.
I remember some previous trades you posted, this one looks promising.
+2 Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out