A look at the technicals on Pandora (P)

What I want to talk about today is Pandora ( NYSE:P ). The stocks in an uptrend, it has been for quite a while. It has this tendency to kind of trade sideways and then blast off though, you can see what’s been happening here, so the stocks made its move. As I see this thing now it’s in another consolidation mode. It’s a stock that I’d want to own, I don’t, but if I owned it I wouldn’t sell it.

I would wait for one of two things, you want to get the best entry possible, you’ve got to manage your risk, I’d want to get this stock lower, closer to 30.00, 30.00 would be a gift, that’s right about where the 50-day moving average is, but I’d love to buy it somewhere around here, or on a breakout above this last high. Because all were really interested in, in Pandora ( NYSE:P ), we just want to own the stock during this uptrend. If we just draw the lines, stuff doesn’t have to be that hard guys, if we just draw the lines like this you can see the stock is not a great buy point, it’s at a fairly high risk buy point. You want to see this stock move down to close some of this box a bit, that’s when you want to buy it, so look, it’s pretty easy one. , I just wouldn’t buy anything on Monday.

This may turn out to be a screaming buying opportunity, I don’t think so, but I just wouldn’t jump into the market first thing and buy, nor would I be selling a bunch of stuff first thing Monday morning. If the market does move lower I want to see that that move is going to continue throughout the day, as opposed to reversing a couple a days, of real ugliness on Thursday or Friday. So just relax, don’t take any of this stuff too seriously. Markets go up, markets go down, which means your going to make money, you’re going to lose money. If that’s not okay with you, you probably just need to go get another job.