13th day of $QQQ short term up-trend; $PCMI RWBCount=12, BOS and cup with handle

GMI6/6
GMI-27/8
T210872%

PCMI has an RWBCount=12 (see yesterday’s post for a definition) and has bounced off of support (BOS). And better still, it has retested its recent GLB and may have formed a cup with handle break-out on Tuesday. The volume was a little above average. Let’s see if it can hold on Wednesday.

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