PCLN's trade today has been interesting, take a look...
The daily chart looks strong with a new high for this leg!
Here's the intraday trade on a 5 min chart, note volume when it crossed above yesterday's close and volume spiked again when it posted a new high for this leg.
3C 60 min
3C 30 min.
After great confirmation, 3C 15 min goes negative.
3C 5 min negative at new highs
And the 1 min chart negative at new highs.
This looks like it could set up a decent speculative short with a break (best if volume is big) of the trendlne at $547.34. A stop could be placed above the highs of the day which would represent minimal risk. If it breaks down hard on the trendline, this could easily snowball down into the close.
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