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P (Pandora) Potential Bottoming Trade

P (Pandora Media) is on watch as a potential bottoming play with buy signals to come on a break above the basing pattern as well as the primary downtrend line. This is only an unofficial short trade setup at this time as I'd prefer to wait for the charts of both Pandora & the broad market to firm up a bit before adding price targets & a long entry price trigger but wanted to share this potential setup in advance for those interested.

P daily March 22nd

P daily March 22nd

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2018-03-22T13:26:32+00:00Mar 22, 2018 1:26pm|Categories: Unofficial Long Ideas|Tags: |6 Comments

6 Comments

  1. creos March 22, 2018 1:53 pm at 1:53 pm

    Thanks. Does anyone know how to get PPO indicator on Thinkorswim ? I can’t find it anywhere.

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  2. zobtraffic1 March 22, 2018 2:15 pm at 2:15 pm

    I use the Price Ratio indicator. Once it is applied I then go into the Price Ratio settings and choose grey for both the ratio and slow average. I then chose a light blue (or whatever color you like) for fast average. This indicator is the closest I can find on TOS.

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  3. creos March 22, 2018 2:44 pm at 2:44 pm

    zob, That one compares two symbols (SPY,GLD) by default. That does not seem the same as PPO, am I looking at the wrong thing? Thanks

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  4. KTMRider March 22, 2018 3:07 pm at 3:07 pm

    I added this URL http://tos.mx/yBmYfF through the SETUP/copy shared item… menu.
    You can rename it to PPO using the edit studies.

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  5. creos March 22, 2018 3:24 pm at 3:24 pm

    Awesome. Thanks guys!

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