PENN - Inverse H&S formation Long from $15.50 to $17.27PENN has broken out of a previous downward channel & now seems forming a inverse Head & Shoulder formation.
It also looking like a ascending triangle breakout with significant increase in moneyflow. We think it will test its next resistance around $17.30
* Trade Criteria *
Date First Found- March 15, 2017
Pattern/Why- Inverse H&S
Entry Target Criteria- Break of $15.50
Exit Target Criteria- $17.27
Stop Loss Criteria- $14.74
Please check back for Trade updates. (Note: Trade update is little delayed here.)
