PAL has made quite a significant run, over 100%, in the past week or so which gives us an opportunity to possibly capitalize on a breakdown of this bull run it has been making. Looking at the 60m chart momentum has slowed and formed a consolidation pattern. At this point it could go either way but a breakdown of around 8.20 will be a short sell trigger as the triangular consolidation will be broke down placing momentum in favor of the bears. As we can see on the chart there is a gap to be filled around 6.75 which could be used as a profit target. On a break down of 8.20 i want to go short on PAL and anything over 5% for a short term trade will suffice.