PCOR breaking first resistance. More to come?
PCOR broke the barrier at 12.07 or 78.6% Fibonacci Retracement level and stayed above it at the close. Notice that Kijun Sen line is moving horizontally near the 50% Fibonacci Retracement level. Will it be possible for PCOR to move up to that level very soon?
All elements of Ichimoku is still in a bearish position but the big gap created last March 27 is a good reason for us to speculate that PCOR will continue to move up, aside from the Kijun Sen of course.
RSI or Relative Strength Index is also quite low at 29 indicating that there is still a lot of room for the buyers.
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