clair097

Petron Corporation PCOR is on breakout continuation after breaking the 11-month downtrend line. Projected target price from this breakout is around 11.80. See previous analysis for details on prior breakouts: https://psetrends.blogspot.com/2017/05/pcor-price-action-update.html

Petron Corporation PCOR has already hit the projected target price around 10.50 from its 9-month downtrend line breakout. See previous analysis for more details on the breakout patterns: https://psetrends.blogspot.com/2017/05/pcor-on-breakout.html Trading Plan - Take profit or scale down position (should have been done already after hitting the TP) - Profit run the rest of the position with trailing-stop.

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).