PENN is at the bottom of the channel which matches up perfectly with the 200 EMA.
A bounce up from here is likely.
Breaking the 200 EMA would be a trend reversal.
Strong MACD histogram going into a bounce normally indicates a bounce.
A bounce up from here is likely.
Breaking the 200 EMA would be a trend reversal.
Strong MACD histogram going into a bounce normally indicates a bounce.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.