SELL PEO STOCK4 consecutive red days for PEO stock price, last day's candle looks very meaningful, big body and small wicks indicating huge selling pressure and no resistance from buyers.
PEO trade ideas
$PEO - no resistance from bag holdersThis has 4-6 weeks to make a golden cross.
Volume shelves show there are no major bag holders waiting to sell as the prices rises
This can go to $15 with no problem at all
Let's Walk This DogNot knowing much about this company fundamentally, all I can do is comment about what is on the chart since I just stumbled upon it yesterday. In any case it bounced off of 17.34 today which appears to be a minor point of resistance looking left. And though it is at the top of the Bollinger Bands it looks like there is plenty of room for expansion. The RSI is bullish and rising, and the MACD has just crossed bullish today. As far as resistance goes, once we get past the minor roadblock of 7.34 I see 17.52 and then 18.02 looks to be the difficult pass. By then the RSI will likely be close to or well into overbought and we will have been breaching the limits of the BB's for a few days; but I see no reason we can't take this puppy out for a walk and see where she takes us. Today was a welcome introduction; I hope you enjoyed it as much as I did :)
Would You Look At ThatJust poking around looking for something to get into in the morning and bumped into this setup. Looks like a beauty for a Monday morning entry....even what looks like consolidation is trending upwards. Watch volume in the AM to see if it continues in the same direction.
