TBBK went through a major downtrend in the 2014/15 timeframe. A distribution zone preceded this downtrend with a price potential in the $2-$3 range. The stock did achieve this price potential.
Over the last year the stock developed an up-trend in the monthly graph.
Looking at the daily/weekly graph one can observe a narrow accumulation range, last week the price...
MYL rose from ~$25 in 2012 to ~$80 in 2015 with a 12months re-accumulation period in 2014. This re-acc period generated a price potential of ~$90, potential that has not been reached.
In mid 2015 the stock went through a short, 3 months, distribution phase that generated a price potential of $36 (a down move) - this target has been met in late 2016!
Starting rom...
PCG has been trading in the $48.6 to $39.4 range for the last 2-21/2 years (can be seen nicely on a monthly chart). It has just turned down from the R level and semi-confirmed the downward motion with a secondary, lower, peak.
A short, at the current level, will yield ~1:10 risk/reward ratio (if we have the stop-loss at the recent peak) or a conservative 1:6.5 (if...
