Will Pandora continue up the channel?
Tuesday the annual earnings report was released and the stock jumped 17,6%.
Several finincial institutions have increased their price targets, e.g. Danske Bank from 310 to 365,
and a lot of large players are heavily invested. On the other hand, american hedgefond,
Coltrane Asset Management, increased their short position yesterday.
The stock is now at an interesting point as it's touching the MA89 and nearing the bottom of the
new channel that has formed since tuesday.
If it stays in the channel I think the following weeks can be very profitable, but it could also drop out
as it has been heavily shorted.
What do you think?
Several finincial institutions have increased their price targets, e.g. Danske Bank from 310 to 365,
and a lot of large players are heavily invested. On the other hand, american hedgefond,
Coltrane Asset Management, increased their short position yesterday.
The stock is now at an interesting point as it's touching the MA89 and nearing the bottom of the
new channel that has formed since tuesday.
If it stays in the channel I think the following weeks can be very profitable, but it could also drop out
as it has been heavily shorted.
What do you think?
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