Archives

PCLN continuing to monitor and update as an FYI it hit the top of the circle!

08/18/2017 – been a long time since we looked at PCLN. Frankly, when a pattern like the one at 1600 fails, it’s just time to step aside.  so, today, I took a peak at the first big move down and the eye was drawn to the radius. so, in the world I live … it […]

Read More

PCLN continuing to monitor and update

1/21/2016 – continuing to update.  note, didn’t go down and complete the pattern.  Support held at 1459. where are we now … we have 3 ratio’s coming together at current levels but could go up to 1560 or 1570… monitor the 1528 and 1515 level closely as DAILY closes below those levels could spell trouble. […]

Read More

$PCLN update 11/12/2016 and now updated again for 12/30/2016

12/30/2016 – PCLN seeking to fill gaps?  note the first target is the ‘basic’ ab=cd at 1431. also, read below … the 1600 level was the convergence of 5 major patterns.   11/12/2016 – well PLCN went up and hit the level shown below.  Folks that’s 5 monthly patterns on PCLN. IT SHOULD BE MONSTEROUS […]

Read More

$PCLN update 11/12/2016

11/12/2016 – well PLCN went up and hit the level shown below.  Folks that’s 5 monthly patterns on PCLN. IT SHOULD BE MONSTEROUS RESISTANCE for PCLN to go higher. As always, patterns do fail and they do work so it’s all probability.  Also, when we go down to the daily time frame NOTE the perfect […]

Read More

$PCLN update 10/9/2016

10/9/2016 PCLN found support on the “polarity” from the IPO and, essentially, negated the mirror image foldback pattern discussed below.  What now? If you take a look at the long term chart, again, you’ll see some powerful sell patterns all coming together.  as for right now, appears we are in no mans land w/ no […]

Read More

$PCLN update 2/1/16

  02/01/2016 as you can see below, the light blue trend line below was taken out. now we are approaching major support as shown by the polarity principle.  some bid thrust/candles going into this level so this will be a key test in the coming days/weeks.  if we lose this level, then expect 1.27 level […]

Read More

$PCLN update 12/20

  12/20/2015: update to PCLN. one can see that this has been an amazing rocket ship. one can also see below that I was “seeing” a top coming in and tried the mirror image foldback, which from a price perspective DID NOT work. then, you can see that I was “seeing” a butterfly pattern and […]

Read More

$PCLN sell pattern complete – FAILED PATTERN

Folks, this mirror image got smoked.  Much like the mirror image for Natural Gas … the mirror images fail at the inflection points and $PCLN has rolled thru the pattern. ERASE … ERASE…ERASE. Where are we now? Well, if we look at the candles you’ll see the 2nd largest monthly candle since the IPO occurred […]

Read More

$PCLN sell pattern complete

IF the mirror image foldback is in play THEN this pattern needs to hold and start down. a move below 1360 would bolster conviction that the mirror image mentioned earlier is in play.

Read More

%d bloggers like this: