The target to open/add to PCLN short has been >$1200, with the range nearby this level has been standing out for well over a week, I haven't wanted to touch it with that level so obvious.
Today's tight range has seen some distribution, but I just can't imagine PCLN will see serious downside before that $1200+ area is hit, it's too juicy a target, there are too many reasons to hit it.
PATIENCE
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