climbing_stars

PCLN bull run before ER? Or rolling over?

BATS:PCLN   PRICELINE GRP INC
190 0 0
I FIRST WANT TO CLARIIFY THIS IS A SHORT TERM PLAY. PCLN             long term is in a massive rising wedge with declining volume to confirm the wedge. I am bearish long term. I do think we could maybe get a short rally into ER though. Reason being because PCLN             bears has been rejected 3 times at the $693 level. Could be we forming a bull flag? Or rolling over? If we break and hold below $693 I believe $680 is easy. There is way more profit to the upside though. My first target is $745. My second is way up around $770. PCLN             has extreme volatility, so we will see what happens next week. Play with caution though if it breaks out of the wedge on the downside, expect massive declines.
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