4 consecutive red days for PEO stock price, last day's candle looks very meaningful, big body and small wicks indicating huge selling pressure and no resistance from buyers.
This has 4-6 weeks to make a golden cross.
Volume shelves show there are no major bag holders waiting to sell as the prices rises
This can go to $15 with no problem at all
Not knowing much about this company fundamentally, all I can do is comment about what is on the chart since I just stumbled upon it yesterday. In any case it bounced off of 17.34 today which appears to be a minor point of resistance looking left. And though it is at the top of the Bollinger Bands it looks like there is plenty of room for expansion. The RSI is...
Just poking around looking for something to get into in the morning and bumped into this setup. Looks like a beauty for a Monday morning entry....even what looks like consolidation is trending upwards. Watch volume in the AM to see if it continues in the same direction.
