PCLN appears to be rejecting the recent earnings level as new buyers have not stepped into maintain support at the KEY level of 1300. I see downside to 1246 where the recent run up (short covering, most likely) started just ahead of the recent earnings release.
Note the red circles where I had published at least 2 charts on PCLN here at TradingView outlining the hysterical valuation back then. Now that earnings are out of the way, potentially there is more room to the downside.
Tim 1286.43 -7.32 last @ 3:23PM EST
***Subscribe to "KEY HIDDEN LEVELS" in the "indicators: marketplace add-ons" window to have the earnings triangles and support/resistance lines plot automatically.
Note the red circles where I had published at least 2 charts on PCLN here at TradingView outlining the hysterical valuation back then. Now that earnings are out of the way, potentially there is more room to the downside.
Tim 1286.43 -7.32 last @ 3:23PM EST
***Subscribe to "KEY HIDDEN LEVELS" in the "indicators: marketplace add-ons" window to have the earnings triangles and support/resistance lines plot automatically.
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
