Short
PCYC bear flag, buyers failed above $97
After it gapped up on earnings to new highs it filled gap and sold off agressively.
Now it consolidates near lows means that buyers dont have enough power. Below all key moving averages.
Buyers failed above $97 and I think it is good short opportunity with stops above swing high at $104.
I will add through lows at $84 with target $70 which is important level of support.
Now it consolidates near lows means that buyers dont have enough power. Below all key moving averages.
Buyers failed above $97 and I think it is good short opportunity with stops above swing high at $104.
I will add through lows at $84 with target $70 which is important level of support.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.