timwest

Pandora Media Inc P Daily - Short with stop over 26.2 resistance

Short
NYSE:P   None
5
Note the high volume rally in Pandora back up to test the earnings resistance line at 26.2, and then how volume has tailed off since that test. It implies that a retest of the lows is coming and we can use a stop over the recent highs (or 3 ATR's from entry using 11-day calculation).

Note how well these "HIDDEN SUPPORT AND RESISTANCE LINES" have been for Pandora over the past 9 months.

25.30 last +0.01

Tim 11:21AM EST 5/29/2014 Thursday

Subscribe to my indicator package KEY HIDDEN LEVELS $10/mo or $100/year and join me in the trading room KEY HIDDEN LEVELS here at TradingView.com
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.