Monday, May 8, 2017

PCOR on a breakout

Petron Corporation

PCOR is on a breakout from an Ascending Triangle pattern with a measured price target around 10.00.

It's also on a breakout from its 9-month Downtrend Line with a projected price TP around 10.50.

Trading Plan
- Buy near the breakout area.
- Set stop-loss on breakdown from recent swing-low (like a few points below 8.95).


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