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.
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.