Pandora Media Inc P Daily - Short with stop over 26.2 resistance

29 במאי 2014

Note the high volume rally in Pandora back up to test the earnings resistance line at 26.2, and then how volume has tailed off since that test. It implies that a retest of the lows is coming and we can use a stop over the recent highs (or 3 ATR's from entry using 11-day calculation).

Note how well these "HIDDEN SUPPORT AND RESISTANCE LINES" have been for Pandora over the past 9 months.

25.30 last +0.01

Tim 11:21AM EST 5/29/2014 Thursday