PRR now on the support of its long term line. every single time it hit this line it rocketed up. the repeated ranges are shown.
there are two gaps to close, 12.5 one, which I wrote about some time ago and a recent one at ~25. PRR is known for its gap closing trend. on a shorter term we also at the bottom of the square.
negative is the stochastics which look horrible!
the best scenario, we close the gap at ~12.5 and then back to 30 first stop. if we close the gap shortly, (i.e. 2011) the 30 should come in the first half of 2012.
in anycase, this is a low risk entry.
also, if we do break below ~11-12, then i cant see any support....
DYOR!
low risk entry+chart
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