P (Pandora Media Inc) appears to offer an objective long entry here for a bounce trade up to at least the 9ish level & possibl=y the 10 area. On the daily time frame, followed by the 60-minute chart below, Pandora is backtesting this downtrend line following the recent breakout while the PPO trend indicator (9-ema) remains above the zero line following the recent bullish cross.

As the 60-minute & daily charts still indicate that a continuation of the downtrend off last Thursday’s highs in QQQ is likely to resume on a break below 143.00, this is only being shared as an unofficial trade idea but one that I figured was worth passing along for those interested. Although a rally up to the 10.00 area & possibly the 10.35ish resistance line shown on the daily chart is possible, my preferred bounce target at this time is a few cents below the 9.00 level (just below the actual resistance).