PENN Bullish flag breakout from consolidation
PENN has formed a very nice flag pattern with tightening consolidation. Yesterday the stock price exited from upper channel line and during pre market this morning it went up even more, resulting gap on opening. Went long during pre market session at 59.5
The momentum is confirmed with crossing MACD signal and bounced up stochastic.
Will keep it as a swing trade, for couple of days. Target will be around 75-80
The momentum is confirmed with crossing MACD signal and bounced up stochastic.
Will keep it as a swing trade, for couple of days. Target will be around 75-80
Trade closed manually
Closed the trade, at 68.08 due to forming kangoroo tail and declining MACD and Stochastic
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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.