PALL - SOLD at $230, Looking to Buy Back?

0. Notes to follow;

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1. We sold our interest in this around $230, as per one of our previous posts.

2. Looking at the $190 Range for possible re-entry here.

3. PALL sitting at the top of a downward channel, and it looks like an DESCENDING TRIANGLE BREAKOUT, possible above the channel to $220.

4. If PALL head to $175 the center of the Channel, we would be looking to open a new position. If we see a break of $195, there may be a run to $220 in the cards, before a possible reversal.

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5. Current Technical Analysis looks like consolidation in the channel, and Distribution / Accumulation. Sitting at about 80 percent chance of a run to $200 here. Also looking to scale into a new position if it heads back down in the channel.

- drchelsea

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UPDATE

Still hasn't hit our FIRST buying TARGET of $175 at the center of the Channel.

We are waiting patiently.

Cheers.