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.

By at

2 comments:

  1. kesh2011August 8, 2012 at 11:30 PM

    Please add Fibonacci chart on PCLN..

    ReplyDelete
  2. SanAugust 9, 2012 at 12:07 AM

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

    ReplyDelete

Subscribe to: Post Comments (Atom)