PARL; a spectacular result
You’ll recall the previous PARL short posts, and there are three open positions that sit +40.6%, +33.95%, and 13.9%. One must ask the question: How much is enough? Is it ready to take profits? And the answer is no.
Daily chart calls for a 3 impulse down. Daily regression channels call for prices below crucial support of $4.43 made in August this year. Daily money flow has been blood red, investors fleeing the stock. $3.57 support from 2004 will probably be tested soon…..and should it break you can expect $2.00 prices shortly thereafter.
Worst case for bulls??? There is a gap at $1.06 from 2/12/03. I think this is the logical target for the PARL short. That’s real pretty.
