The Point ‘n Figure (PnF) chart starring Priceline

I make an effort to understand (at least be aware of) other chart styles that exist because it makes sense to know how other market participants may be trading. One such chart style is the Point ‘n Figure chart and I thought I would show an example today of $PCLN:

PCLN_PnF_D

Priceline had a Double Top Breakout on November 20 that adjusted the PO (Price Objective) to 1370. As you can see from this chart, you have had very little reason to sell as it has held way above the Rising TL since $680.

You can read a LOT more on PnF here

 

 

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