trading2day

$1,200 is the level Bulls do not want to see broken

Short
NASDAQ:PCLN   None
0
With Stochastic oversold on the weekly chart and turning lower, price got rejected at the 78.6% Fibonacci retracement and targets 833$. This scenario has more chances of success if price breaks below the weekly Kumo (cloud support) around $1,200. My stop is at 1387$

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