P2EN34 trade ideas
$PENN Swing Idea, Target $130Bottom of RSI and important buy zone. Looking to see $130s again soon. Stop loss at $100. Good Luck!
PENN undecidedShorter view we can see a descending wedge that wants to breakout and regain uptrend.
Longer view there is a megaphone trend that would have PENN sitting in the middle of its downfall.
With market sell offs continuing to happen, maybe its the latter
Potential good position for short term BTDThe Volume is good and indicators are still on the side that the 113 - 115 price is the recent support and there is still enough momentum for PENN to go higher as gaming expands.
PENN - BUY OPPORTUNITY ON THE DAILY CHART (PVSRA)Great accumulation with notable volume along with the Dragon.
This is the moment to go long.
$PENN - do or die$PENN at key support showing signs of weakness, major confluence at this prices we could expect a bounce - however if breaks lower, look for retest for a great short entry aiming for major dump.
$PENN long$PENN sitting at the bottom of its range giving us entry for continuation on its current uptrend. We like entry here at golden pocket aiming for previous ATH.
PENNPenn National Gaming. I trade it for the third time, the paper plays the patterns well. There is a breakdown of the big triangle and the achievement of the target of 139 dollars. I will enter the purchase of papers.
Updated PENN - trade idea Please see previous post about PENN regarding analysis.
summary of it (short term downside, long term upside)
always do your own analysis before placing a trade.
this is for education purposes and not investment advice.
PENN - trade idea PENN is another stock being added to the SP500. short term looks like we can see a pull back. As can be seen the chart is all over the place but its been choppy the past few weeks. Im expecting some short term downside but the longer timelines show bullish sentiment in my opinion.
I expect a pull back slightly this week with longer term upside, I would estimate that PENN will pull back to the 0.5 level (118.86) and then turning around to continue higher.
Short term meaning one-two hour charts.
Always do your own analysis prior to taking any trade
this is for educational purposes and not investment advice.
Penn It been a minute Fib FanIt's been awhile since Penn retraced to a .382 extension. Will El Presidente be able to keep this golden stock in the clouds or will it fall to earth? I see a sure fire .25 retracement in the next 3 weeks and expect a .382 retracement within the next 3 months. What do you see?
Penn S&P 500 inclusion announce... Next target Fib 1.618
MacD golden cross
RSI showing Symmetrical triangle starting from Feb 2020, break out over 70
Support /stop loss 130
Target 175
Inclusion set for March 22
PENN playOne of my favorite stocks of all time as the Portnoy effect is real. The stock has been on a tear since September and I don't see it stopping. Hard resistance at 129. Just dropped below the 50MA after today's selloff and hoping for a bounce at 116 and 110 as a potential downside buy zone. Also, news of Portnoy ETF may give this a boost? The potential upside to -1.5 -- -1.618 area. Chart invalidated below 105.
Dave Portnoy, a better investment vs bitcoin through pandemic-In terms of percentage gain from the March '20 lows to current trading levels $PENN mathematically returned 3000%
-BTC/USD trading pair on BITSTAMP for same time period has a rough return of 1100%
-If not aware, see link for information on the Barstool Fund www.barstoolsports.com
almost thereits ready to break this very tight trend channel and test 130 next week in my opinion. dkng looks good too may add some leaps on that one soon. goodluck :)
Why long PENN?After Cain's guidance, I analyzed several historical backtest and found the resistance point should be near the 20-day moving average line.
We should buy at ER low, and the ER hi is the first resistance.
Why long PENNAfter the guidance of the class leader, several historical backtest, should be near the 20-day SMA is a resistance point
And buy at ER low, ER hi is the first resistance
Penn above 119 for callsRationale: Bullish engulfing pattern on the Daily chart off the 111.00 support. Also the 1hr chart just broke the downward trend line.
***This is my personal opinion. Follow at your own risk.***
new year new PENN very nice bounce off the bottom trendline support, lots of bullish flow on the options Friday and held gains all day on a friday! , looking for a gap over this top trendline resistance and a test of 130 soon. goodluck! :)
