August 9, 2012

PCLN Bear Flag breakdown

 
 
  • PCLN has given a breakdown from the bear flag pattern discussed in yesterday's post.
  • Price is near the Golden ratio and the Weekly up trend line.
  • Breakdown below the above mentioned levels will extend the fall towards the bear flag's Target area discussed in YESTERDAY'S POST.
  • Holding above the up trend line may give an up move.

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