TradingView
MisterLomez
Aug 21, 2014 4:54 PM

$PCLN possible bounce Long

Description

PCLN has sucked after earnings but might be bottoming here before next leg. All the indicators are negative but it's holding up above this long term resistance line, which, of course, corresponds perfectly with the .618 retrace from the er run-up (must be coincidence). Might be a good lotto play for tomorrow if you can get some cheap options. I'll be throwing some lunch money at it.
Comments
MisterLomez
Didn't bounce. Broke the support. Buying puts...
More