I hate to identify stocks technically when the tape is taking ALL of them in a sector out and shooting them, but PCP bears some watching. I am not trying to scream wolf here, but PCP has been a predictable stock for the last year.Whenever it has fallen back hard, it has fallen back to the trend line and bounced. Is this another occasion? We shall see. The green trend line below is the point worth watching.
Given my tax situation, I may not be hanging on to give back my profits if I see selling with volume below the trend. The volume and negative money flow suggest that we may snap back back, but the overall tape is still calling the shots.
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