Search
Products
Community
Markets
News
Brokers
More
EN
Get started
Community
/
Ideas
/
PRTY Earnings Breakout LONG
Long
PRTY Earnings Breakout LONG
By AwesomeAvani
Follow
Follow
Aug 20, 2022
3
Cheer
Cheer
Aug 20, 2022
NYSE:PRTY
PRTY had a double or triple bottom after the earnings
miss in May but has reversed after
PRTY had great reported earnings last week and now
has breakout price action. A Target of %3.00 based
on the volume profile and the EMA 200 seems
reasonable. A stop loss of 1.69 based on the
EMA20 and the volume profile makes for a
good reward for the risk. The low volume
area ( a bit of a gap ) could allow for quick
upwards price action into the upper high volume
as the price fell through the same area quickly
back in May with the earnings miss.
All in all, this makes for an excellent swing trade
setup.
earningsplay
Moving Averages
PRTY
Trend Analysis
Volume
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
.