For those that follow me on twitter or read my blog regularly you know that I am a firm believer in understanding all the perspectives that exist on a given stock. I feel it is imperative to know what your enemies think so that you be fully prepared when trading. The differing perspectives on a stock are just some of the puzzle pieces that you must assemble to create a clear and complete picture.
In order to have all the pieces you need, it is important to take the time to look at each stock from different viewpoints and timeframes. Here I bring you VFC (VF Corp) with a more common candlestick Daily chart:
Now on to the PnF chart:
Knowing that some traders utilize the PnF chart above for their trading is just one of the pieces that you need to complete a clear view on how traders see this stock.
Now bring me my breakout !!
P.S. That PO of 194 sure looks good too.