Long
PRTY - Potential Bottom Swing Play
Updated
Party City is in no way sheltered from the current state of things. Most stores are probably shut down, but with all the increased buying I believe we have hit a bottom and can break up to an upper channel off its most recent move.
I do not have any shares of PRTY but will be looking on monday to buy in the area of 0.58-0.61 if I get the chance. First price target is 1.18 and depending on how strong the move is, I may ride some up to 1.66.
This is only a swing idea, I am not necessarily bullish on PRTY, but I do believe in the swing potential setup here.
I do not have any shares of PRTY but will be looking on monday to buy in the area of 0.58-0.61 if I get the chance. First price target is 1.18 and depending on how strong the move is, I may ride some up to 1.66.
This is only a swing idea, I am not necessarily bullish on PRTY, but I do believe in the swing potential setup here.
Note
Price Target 1 hit today, sold 50% of holdings to regain all my cost basis.Currently holding all profits for the long haul.
GREAT SWING PLAY congrats to anyone who followed me here.
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