Stock: Ichimoku /Seasonal: PCLN: 7-16-07: Trade Entry

PCLN has been “reaching for the sky” too long. Below is the analysis.
Below is the technical chart. Below is the Entry/Stop/Profit target. The entry will probably vary because we will wait for the market to open on monday before entering. If the future are up before 9:30am in the morning, the entry will be the high of Friday instead of the entry shown on the chart.
pcln_9_16_07_d_.png
Here is the HA chart. We are a major inflection point. Therefore, we have a chance of reversing now.
pcln_9_16_07_d_ha.jpeg
The seasonal chart shows we are a couple of days overdue for a correction.
The Stop is at 90.11 which is not close to the entry but we have to do that due to the hugh volatility in the market.
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About the Author Manesh Patel