PCOR to close the gap this time?
After hitting the Kijun Sen line we talk about last time (PCOR breaking first resistance. More to come?), PCOR corrects as deep as 78.6% Fibonacci Retracement level. But now it seems that PCOR is ready to continue its ascend and probably close the gap. Our initial target is the Kijun Sen line at 12.88 per share but based on the recent pull back, PCOR may rise to as high as 127.2% Fibonacci Retracement level or close the gap at 13.40 per share.
RSI or Relative Strength Index is at 42
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