Long term, PCLN is a winner. Plenty of overhead resistance, but PCLN outperforms SPY most of the time. It typically forms a long term double bottom, then a cup and handle break out.
The long term supporting trend line was broken already last year and I expect it to break it again to form another double bottom like in 2003, then another cup and handle, then the supporting trend line will be a resistance trend line.
Short term, I'd wait for a retracement under 76 then buy the dip and sell at intermediate term resistance at 92.
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