Penn is very bullishBullish set-up to watch for the upcoming week. Strong daily hammer candle to finish the week. Almost a month of consolidation between the 20 and 50 DMAs. Trying to break out and closed right at the 29.64 resistance area (old support). I'd buy on a pull back to the 20DMA(yellow) or clean break above the 50DMA and a flip of 29.64 as new support.
This is a laggard compared with peers like NASDAQ:DKNG which have run substantially over the last several trading sessions and is due for some catch-up price action.
I will share once position is entered.
