Thursday, August 8, 2013

Priceline Cloud Analysis & Price levels After Earnings

Ichimoku Cloud Trend Score: 10 / 10

All signs are bullish with tenkan sen > kijun sen and price, tenkan sen, kijun sen, & chikou all above the cloud with a bullish kumo future on above average volume into earnings as the stock is near it's all-time highs.  

After an earnings beat this evening, the price will soar to new price territory in the morning.  As a result, the 161.8% fibonacci extension will be the key price during Friday's trading session @ $967.18.  Additionally, the R3 daily pivot @ $971 and the R2 monthly pivot @ $982.25 are other levels that also should be considered.

*For FREE lessons on the Ichimoku Cloud and how it works, check out my other blog-
http://thecloudtraderlessons.blogspot.com/



No comments:

Post a Comment