PLCE has had a good pullback from an otherwise consistent downward trend beginning long before the recent market crash. After a gap up it's been consolidating over the past two weeks. The Elliot Wave oscillator has pulled back to between 90% and 140% and stochastics are in the overbought zone. If price can close the gap in the next few days, a sensible entry would be at $22.80, with a target below $5.
Order cancelled
Price traded to within $.16 of entry before it found strength in the gap and was rejected. After a seeming up day today, this trade is cancelled.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.