Potential outside week and bullish potential for PBHEntry conditions:
(i) higher share price for ASX:PBH above the level of the potential outside week noted on 20th December (i.e.: above the level of $1.045).
Stop loss for the trade would be:
(i) below the low of the outside week on 16th December (i.e.: below $0.925), should the trade activate.
PBH trade ideas
Good run, more to come!PointsBet been on a good run lately, it's coming up to resistance 1.055 where I expect retrace to 0.618 FIB @ 0.95 then another rally up to 1.295-1.320 resistance.
Strong trend, worth keeping an eye on and loading up when it hits those retracement zones.
After 3.56, we're looking at no resistance for a while. Good times
PBH : The anti Lambourghini stock.The chart speaks louder than any ASX announcement from the board.
Will more state licensing deals save bagholders?
28/08/2020 jumped 92% in 1d from $6.58 to $12.68 on 27-28 august 2020. PointsBet Partners with NBC
30 oct 2020 to 16 Feb 2021 from $9.49 to $17.22 gain 81%
16 Feb 2021 to 28 Feb 2022 from $17.21 to $3.49, loss 79%
PBH - Could go higher?PBH has clearly broken its short term downtrend line with High Volume which adds confidence to my analyses that it could move higher in the upcoming sessions. My targets are mentioned below:
TP1 - $14.70 (potential 7% gain)
TP2 - $15.25 (potential 12% gain)
Stoploss - $11.80
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade
Pointsbet looking for a basing point. Chart wise, pointsbet is healthiest for a base at these levels. Will need to see how next week goes as market weakness the last few days has stopped me out on trades. If your a long term value investor, Pointsbet is still a strong stock based off recent quarterly. Short term traders take caution at these levels.
Pointsbet keeps bouncing off support with quartely dueSuch strong support around these levels, however i wont enter until pointsbet breaks downtrend. Its been winning and losing stock for me with my short term trades, but i still see a lot of potential in the share price if it can break downtrend.
Will repost when pointsbet crosses downtrend.
Pointsbet on 12.30, 12.40 support area.Long term resistance, turned support. Bounced 3 times at these levels, should be coming to a time where there is one more recoil here, maybe up to 13.50. Chance of a break of support and push lower where next support is at 11.50.
Happy to sit on sidelines here as market as a whole seems weak.
Pointsbet price behaving well.Good price action for pointsbet so far, needs to clear 14.20 though as quite a bit of resistance around these levels. Entry here with a stop at $13 is a pretty good risk-reward play given movement last 3 days.
A clear and close above 14.30 and movement will begin to the upside.
Good bounce for Pointsbet on $13.20 resistance areaFollow through tomorrow ideally will see pointsbet go to $14.50 this week or next before some consolidation. Was watching it this morning with a buy order at $12.90 mark, but never got there. Quite bullish on Pointsbet this month, entry here with a stop loss at 12.90 would give a good risk reward. Otherwise, a push above 13.90 on good volume will also be a buy signal.
Pointsbet should fill the gap then a tight stop loss entry.Gap at 13.26 might as well get filled being this close to it. Low risk entry here imo. Stop loss at 12.50 (break of previous resistance) and target of $15. Its a pretty volatile stock, but this is one of the better low risk charts on the asx at the moment.
Pointsbet holdings, shakeout coming or bullish sentimentBeen watching pointsbet for a few months now. Looks to be following a trend and in the next 2 weeks should see it make new highs. Ive bought here at $11.80, but will add more once it crosses $12. Stop loss at $11.20. Fingers crossed for some good news this week to get bullish volume coming in.
Great online sports betting play : Pointsbet ASX:PBHPointsbet ASX:PBH had a great year in 2020. Its share price has gone from 4.47 -> 11.87 in just one year.
Back in March when the pandemic was first breaking out globally, its share price has once tumbled to $1, as everyone thought there would be no sport matches and people would have less money to gamble. There were indeed much less “games” during 2020, however the company strategy of expanding into the US has yield beautifully as the US market was relaxing their restriction on online sport bettings…and would be even more so in 2021.
Was 2020 presenting the best sentiment for Pointsbet to operate? - Absolutely NOT.
Will 2021 be a much better year for Pointsbet? - ABSOLUTELY! Especially with the vaccine coming in most of the developed country, sports games would start to return to normal, the opportunity ahead for PBH would only be much more compared to that in 2020.
ON technical side, PBH stock price had a huge jump in August when their partnership with CNBC was announced. Its trading range has been contracting ever since, forming at least 4 textbook style VCP from Sep to Dec with shrinking trade volume, not to mention a huge wedge sharp has been formed and all the MA lines are now consolidating at around $12 range waiting for the next catalyst to breakout.
I am seeing an excellent risk reward ratio with investing into PBH, taking its 100MA as cut lost and looking for huge upside to challenge its 52 week high at >$15 range within the next 3 months.
disclaimer : currently having a position in PBH and will be holding for at least another 6 months.
$PBH bull flag pattern complete2nd bull flag appearance for $PBH with 4 months in the making. I bought in on the fakeout @ (3 Nov) and holding til $19.
Topped up just before the breakout. How do I know it's not another fakeout? I used a combination of indicators: Volume, MACD and RSI divergence which isn't shown.
Low risk/high reward.. Just my type 😉