Shares of Pandora Media Inc (NYSE:P) have a tight
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Posted On: 04/07/2017 11:17:56 AM
Shares of Pandora Media Inc (NYSE
) have a tight bear flag on the daily stock chart. Bear flags form after a recent fall, when the stock goes into a consolidation, sideways chop for multiple days. This is exacty what Pandora Media has done and investors should be looking to short. The next leg down on Pandora Media will be to a double bottom at $10.25. Another bearish factor on Pandora Media is that the stock market is near all-time highs but the stock has struggled. If it were equal to the stock market, it would be near all-time highs as well. It is not. I am extremely bearish on Pandora Media Inc.
Investor bearish stock trade alert on Pandora Media Inc
) have a tight bear flag on the daily stock chart. Bear flags form after a recent fall, when the stock goes into a consolidation, sideways chop for multiple days. This is exacty what Pandora Media has done and investors should be looking to short. The next leg down on Pandora Media will be to a double bottom at $10.25. Another bearish factor on Pandora Media is that the stock market is near all-time highs but the stock has struggled. If it were equal to the stock market, it would be near all-time highs as well. It is not. I am extremely bearish on Pandora Media Inc. Investor bearish stock trade alert on Pandora Media Inc
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