August 8, 2012

PCLN Bear Flag and Target area

  • PCLN Weekly bear flag is about to breakdown. Possible technical target for the bearish Flag is around 432 as explained in 1st chart.
  • 549 - 561 was previous resistance zone in weekly chart. This level may give a pause or consolidation before moving towards the bear flag target.
  • Breaking the weekly trend line will be negative and price will trade at the range as shown in last chart.


  1. Please add Fibonacci chart on PCLN..

  2. @kesh2011
    I will add Fib charts on another update of PCLN with today's price action.