And if PCLN takes out the 100DMA @ 1195, the next test will be the 200DMA @ 1211.
BTW, the shorts are watching those levels as well...the most stubborn of the bunch are now watching their gain dissipate, which means the closer we get to 1200...the more of them will be forced to cover--and the higher we'll go. 1200 here we come!
This stock is programmed to be up to $1,200 by friday. Probably $1,199 for OE. It goes higher after that. Watch for the big leg up this afternoon.
will test 1,229 level first
as the high pre-earning
then off she runs to 1,300
in a short period of time
rising high into green sky baby
Hope you're right. I loaded up on weekly calls this morning.
The MM's have been masterful. As stated yesterday, they are conducting a symphony back to $1,200+ by weeks end. Shorts and non-believers all got suckered. The rise starts in 3 hours.
Normally this is a sign that it's getting ready to gap up again, which I'm assuming will happen if--and when the markets turn positive, assuming they do.