workingtraders
Long

$PNRA long idea

BATS:PNRA   PANERA BREAD CO
213 3 3
We have reached a major support level . Giving us the best risk to reward to try to get long on this stock.
A bullish harmonic pattern has formed on this level.
MACD keeps rising as the price made new lows. Signaling that the sellers are getting exhausted
Stochastic oscillator is bowling up signaling the price is ready to move out of this oversold condition .
Long 165
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took 1/4 at 168 and moved stop to break even
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taking 1/3 more at 173.
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