Saturday, January 07, 2012 4:46:05 PM
PCLN next NFLX? - Charts:
Remember the rise of NFLX to 300's and then the crash?
Look at PCLN. The chart pattern is broken now, it doesn't seem to wanna bounce into 500's anymore or not as quick as it used to. If it doesn't crack above ma50, it could be headed back to 440's and test that support, if it breaks below 440-420 I believe rough times ahead for this stock.
Below are 6 month and the 3 year charts. On the 3-year charts we see a gap in mid 200's as well as under 150.
If there's some major Oil spike this year or a war (with Iran), a lot of the commercial air-fare/ travel could be hurt.
Therefore it might be worth picking up mid-/ end of year Puts (May-December).
Remember the rise of NFLX to 300's and then the crash?
Look at PCLN. The chart pattern is broken now, it doesn't seem to wanna bounce into 500's anymore or not as quick as it used to. If it doesn't crack above ma50, it could be headed back to 440's and test that support, if it breaks below 440-420 I believe rough times ahead for this stock.
Below are 6 month and the 3 year charts. On the 3-year charts we see a gap in mid 200's as well as under 150.
If there's some major Oil spike this year or a war (with Iran), a lot of the commercial air-fare/ travel could be hurt.
Therefore it might be worth picking up mid-/ end of year Puts (May-December).
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