PLC bounced off 161.8% fibo extension on June 2015. Last week, it closed above 100% fibo extension level (1.575). Next level to breach is 78.6% fibo at 1.713.

plcweeklyfibo

PLC weekly chart shows breach of SMA 20. Resistances at 1.62/1.71/1.76. Support at 1.575.

plcweekly 2

Daily chart , EOD July 24, 2015 shows ZS at 1.50.

Based on Darvas box increments, next top box target is at 1.78, which  approximates 100% reverse fibo at 1.76 (R3). RSI daily broke out of its range and closed at 70.98, validating the box breakout last Friday (July 24).plcdaily

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