PCLN

PCLN has looked a lot like AAPL today, in fact there have been a lot of stocks looking like AAPL today.

 Intraday we have the triangle, the breakout to the upside and a possible failure of that breakout, which could create a scenario that is much like a short squeeze, just happening to longs at a loss. Volume has ticked up in the afternoon on the sell side and the earlier gains have largely been retraced. A break below the triangle would make for an interesting trade.

 As is often the case before reversals, a obvious pattern (like the triangle above) or defined resistance like we see on the daily, if often broken, again, the bull trap scenario.

The interesting part of a short that works on PCLN is the stock has been taken for granted as if it will move up forever, so I can imagine a fall and a break of the daily support would generate a lot of margin calls which could send PCLN tumbling very fast.