Tuesday, November 9, 2010

PFCB

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.

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