- PCLN Weekly chart shows price hitting the resistance line.
- Second chart shows a Buy signal with Weekly MACD indicator. So a short trade at this resistance line can be taken only after a confirmation.
- Third chart shows price above 10 Day EMA and Daily MACD lines looking positive for bulls. So a short trade can be taken after a MACD Sell signal and a close below 10 Day EMA. If price sustains above 10 Day EMA it could lead to a breakout.
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My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
February 6, 2012
PCLN Near Resistance line
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