PCOR have long overdue correction arrived without a volume. Looks like it will form a bullish pennant
( Bias ) First time since November showed a zero stochastic and almost touching the 12MA . Possible Technical rebound.With a high volume on the pole, it is ideal to have a descending pattern to form a bullish pennant like the "3 rising method in candle stick. ( http://www.candlesticker.com/Cs87.asp )
What is needs is a long white candle with a volume to continue its uptrend.
Somebody ask me about gap between 17.4 and 17.5, it is too closed that I cannot even see it. I am allergic to gaps, have a bad experienced about gaps, I got stuck a long time. Anyway, I have sold half of my PCOR and still holding the ones I bought at the start of the move.
2 comments:
I am totally out of PCOR, thanks PCOR, it was a nice two months ride.
When I see danger signal handed to me, I don’t argue with it. I get out. A few days later, if everything looks right, I can always get back in again. Thereby I save myself a lot of worry and money. I figure out this way, if I were walking along a railroad track and saw an express train coming at me at sixty miles an hour, I would not be damned fool enough not to get off the track, and let the train go buy. After it had passed, I could always get back on the track again, if I desired. I have always remembered that as a graphic bit of speculative wisdom. Livermore
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