PFCB looks like it's breaking the bear flag to the downside, this doesn't put it out of reach of the black box, head fake moves. for this reason, I personally could see starting a position short here if you like the stock, but I'd wait for the stock to confirm the downtrend and move out of the black box manipulation zone before I added the full position size. Perhaps the first set of lower highs/lower lows would be the place to add. I've been watching this one for a bit and have mentioned it before, ultimately I like its chances.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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