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6/22 Friday[/box_dark]
This is good bearish set up since we tested that resistance three days and now it has failed to break that.
Make sure to watch out for 100SMA because it is sitting on it right now. If it continues bearish tomorrow, this is about $40 move.
[box_dark]6/28 Thursday Morning Update[/box_dark]
So stock has been falling but volume has been declining. we gonna need some good volume soon if i want to reach my target. Its been very peculiar because $AAPL has been showing similar attitude..
Trading below 100 SMA so looks good there. STOCH and RSI all looks good for bearishness. just watcch for that volume and any reversal signs.
2 thoughts on “$PCLN: Bearish Trade Set Up (Updated 6/28)”
Hi, Just happen to run across ur work… really nice ..
would you mind doing a new update on PCLN, LULU ?
hi there. thanks for your kind words. Hmm I dun usually trade $LULU but i looked at it today and looks like it had great break out! If you got in earlier stage of this break out, I would say take your profit whenever you can on Monday. $80 is probably good target which is the peak from early May. I would take profit at around $80 or below an than wait until confirmation that it is going to continue bullish. for $PCLN I haven’t been trading it for sometime.. but $632 is solid resistance.. if we break that $680 next target..