Panasonic (PCRFY) is primed to run
Updated
Looking at the day chart, the stock is approaching a prime BUY zone. There is strong support from the double bottom that breaks the forming bear flag. The current fib resistance could break bullish, partially signaling a BUY. The RSI divergence along with a bullish EMA crossover would confirm the LONG (approx $9). The exit strategies are shown on the chart for both a positive and negative exit. If all goes well, in a few months the stock could rake in over 40% if the target $12.7 price is met.
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