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Filling the Gap?For the past month, price has been pushed down slowly staying near support for most of the time. Also, the 20ma has been acting as a dynamic resistance, and price has seen more resistance from a descending trend line. Price has just broken and close below support (Double Blue Line) Price has also closed below the 50ma, which has acted as dynamic support/resistance in the past. There is also a head & shoulders pattern on the MACD Leader, and Insync Index Price target is $87.88 for a R:R of 4.47 Went short with an entry of $99.06 after seeing a break of $99.20, Stop loss at $101.57
NASDAQ:PLCEShort
by juniortrader
Updated Feb 7, 2017

Select market data provided by ICE Data services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc.

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