The last time we reviewed Priceline (NASDAQ:PCLN) was a couple of weeks back, when it sat at $1343, within striking distance of the upper reaches of its now 4-month trading range. The suggestion at that point, based on a confirmation of a potential PayDayCycle reversal, was to get bearish.

The stock shed about 3% in the following 5 trading sessions, and since then has bounced back, ending Tuesday’s session at $1342.

So is another swing trade opportunity opening up, or will PCLN break through resistance and challenge its all-time high of $1468 hit back last August?

The online travel services company’s trading range for most of the year has been defined by support down at $1230 and resistance up at $1374.

Big numbers to be sure, but the stock has a history of high volatility, and the range has proven to be accurate, and one rich with trading opportunities. So, while PCLN has pretty much been correlated to the broader market as of late, and the Brexit vote at the end of the week will likely impact the stock to some degree, it’s still hard not to consider the possibility of a bullish trade in the industry-leading company.

There are currently a few indications that PCLN could break through current resistance.

The stock remains above its 50-day MA, now at $1302, which could add a near-term layer of support. More substantially, its 200-day MA sits at $1270, and the long-term MA has proven effective as reasonably robust support during the recent past.

Then there’s the MACD, which is reversing the current bearish trend, though just barely. Still, PCLN has managed to stay above the zero line even during the recent bearish trend, so overall the momentum indicator is technically bullish.

PCLN PayDayCycle status is currently neutral, while the stock also is into the 4th day of a bullish PayDayCycle.

PayDayCycles are 4-8 day trends in stocks that help people swing trade. To learn more about PayDayCycles make sure to grab the free Swing Trading Class on the right sidebar.

Bottom Line: Anything can happen this week, with a strong bullish showing meshing with a “stay” vote and a sharp bearish trend emerging should the U.K. decide to exit the EU. But if next week finds PCLN sitting at the top of its current range while failing to pierce resistance, then swing traders may want to have some dry powder put aside to make a bearish play.