I already had started a position in PCLN puts in the model options portfolio and this morning I added to that position.
PCLN is moving down, but close to some support right here.
Here' PCLN looking toppy and the 1 of the reasons I started a position there.
Here's the triangle I was watching yesterday, again no participation in yesterday's 3 p.m. rally. PCLN is at first support in the area so a bounce is certainly possible here.
A closer view.
PCLN 2 min, this is another reason I started the position here in Puts.
In the red box, note the sharp fall , usually a negative divergence would form like the former ones. It appears something triggered this move at 1:30 nearly on the dot
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