Drop or Pop - Killer time cycle!
Updated
It's clear to see that some of the colossal swings in this name are.......well, cyclical I came across this a few years ago before I started to trade names like PCLN and I was quite astonished by this pattern. The next cycle date in January 2018 so I'll be trading this again, long or short depending on the conditions at the time. Obviously you'd only trade off this pattern when there is a clear overbought or oversold condition. PCLN does trade under 1M shares a day so be aware that this name can move quickly and overshoot levels by a long way! Anyway I thought I'd share this with you all. Let me know your thoughts :)
Note
I will be interesting to see if this is the big dip this time cycle has predicted. Time will tell.
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