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PCRX Daily
Pacira BioSciences, Inc.
Long
PCRX Daily
By TechnicallyCorrect
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Dec 21, 2021
5
Dec 21, 2021
PCRX
long setup:
Today's bar was very impressive and closed at the high of range and broke a possible trendline
The chart has a nice process over the last few months. Big bear trap in Oct followed by a higher low in Nov
20 EMA has crossed above the 50 EMA and they are both accelerating up
Entry above today's high at 59.36
Stop under Dec 16 low at 55.29
Profit target just under Mar high at 79.75
Risk/Reward ratio is 5
beartrap
Chart Patterns
Exponential Moving Average (EMA)
entry
higherlow
Technical Indicators
riskreward
riskrewardratio
stoploss
Trend Analysis
Trend Line Break
TechnicallyCorrect
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