PCOR trading at the middle of the channel

For those holding PCOR, I think there is still some juice to squeeze if you were able to buy near the support line. As you can see on its chart it is now trading above the 20-day SMA line and is somewhere between the lower and upper slopes of the downward channel. If it continue to goes up and hit the resistance slope, lets see what candlestick will register so we can act accordingly.

Notice that the weekly chart shows a bullish reversal pattern.

Caveat!

Leave a Reply