Welcome to the TFC Commodity Trading Forum.
Please feel welcome to join in on these informative ongoing discussions about trading futures and commodities.

The Trading Forum is intended for the open discussion of commodities trading. The management of this Forum does not agree or disagree with the ideas exchanged, and does not exert editorial control over the message posted herein. Read and post at your own risk. The risk of loss in trading or commodities can be substantial. We discourage the use of this Forum to promote trading that is acknowledged to be risky. Please note: many links from the Forum lead to pages on other web sites. We cannot take responsibility for nor endorse the information presented on those sites.

TFC Commodity Trading Forum

Pandora $P About To Get Punished *PIC*

Shares of Pandora Media Inc (NYSE:P) have a tight bear flag on the daily stock chart. Bear flags form after a recent fall, when the stock goes into a consolidation, sideways chop for multiple days. This is exacty what Pandora Media has done and investors should be looking to short. The next leg down on Pandora Media will be to a double bottom at $10.25. Another bearish factor on Pandora Media is that the stock market is near all-time highs but the stock has struggled. If it were equal to the stock market, it would be near all-time highs as well. It is not. I am extremely bearish on Pandora Media Inc.