Panjang
Pandora Media Inc - P - Daily - Building a base on "key levels"
Nice base building here in Pandora and the solid test of "key hidden support" both on Tuesday and today (Thursday) is a good setup for a rally from here.
The recent price action is a sign that nervous longs were getting stopped out of their positions and short sellers are piling on to try to make back their losses from the big spike up from 26-29. That is what is known as a "bull flag".
Initial target is $29, then based on how it gets there, perhaps it can grind out another $2 move to $31.
Tim 12:33PM EST 8/28/2014 27.04 last
The recent price action is a sign that nervous longs were getting stopped out of their positions and short sellers are piling on to try to make back their losses from the big spike up from 26-29. That is what is known as a "bull flag".
Initial target is $29, then based on how it gets there, perhaps it can grind out another $2 move to $31.
Tim 12:33PM EST 8/28/2014 27.04 last
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Subscribe to my indicator package KEY HIDDEN LEVELS $10/mo or $100/year and join me in the trading room KEY HIDDEN LEVELS here at TradingView.com
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.