PeteHoller
Long

PLPM - Go long for a 2-1 risk reward.

NASDAQ:PLPM   PLANET PAYMENT INC
I want to buy PLPM at 2.97 with a target of 3.80. Initial stop loss at 2.58. The stock has trended higher since a double bottom in May 2014. It has broken through the cloud (albeit on low volme) and I anticipate it will try to test the 3.80 area. Adjust stop loss to follow the Ichimoku Kinjun-Sen "confirmation" Line (the red line in this chart).
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