Replies to post #285156 on Option Millionaires

[Nolerman]

$PCLN
Here is what is vexing me a bit with PCLN right now (2 charts below).

On one hand you have the daily chart with price rejected at the top of the cloud, poised to head lower with overbought indicators


Then you have the weekly chart, where the candle broke through the top of the cloud and closed there. This is typically a powerful bullish candle.