PENN - Option Play for the week PENN - Long above $80.20 (we have to make sure this isn't just a B wave bounce into C) & Short below $70.80 into green box. PT for longs: $92 - $101 PT: for shorts $54 - $64.15. I prefer 11/19 or 1/21/22 80C's for longs and 11/19 70P's for shorts. by MarketMotion2
Penn National Gaming losing ground. PENNGeneral downtrend continues in this stock, and we believe we are about to enter another possible C Wave. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets going down are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!Shortby Rykin_CapitalUpdated 1
PENN: Head & ShouldersH & S noticed, we might see $65 (the upward trendline) on PENN in couple weeks if the whole market keeps its current selling momentum. Longing at $65 could be a good idea assuming PENN can keep its upward trendline. I personally believe the college football season or any related sport seasons are already priced in couple weeks ago.Shortby itsdatboi2
$PENN good risk/reward here$PENN calls over $77.66 & puts below $73.5... retested / bounced off the resistance turned support after the last breakout. by Diesel_Trading0
PENN Bullish Shark, Backtesting Critical Support & IHS necklineBullish Shark Harmonic pattern on PENN. Currently appears to be backtesting a critical support line near $73.36, also finding support at the 50D SMA. Line also happens to be the neckline of an Inverse Head and Shoulders pattern which had previously broken out. Potential Triple Hidden Bullish Divergence in development on the MACD.Longby id10terror0
$penn under $80 is a buy imo$penn retracing and consolidating around $75 Football is season, don't see this going down anytime soon. RSI is low and volume is there. Longby Infernal0x0
PENN Trading PENN with some calls here. I am betting it will bounce of strong support with football season starting.Longby SinnerMass0
Boxes strategy analysis. $PENN stock price action.Here is my recent analysis of NASDAQ:PENN stock price movement. As always I used my boxes strategy. Here is a recap of recent price action: Price dropped below 86 level in May 2021, which had acted as a support before. Then price tried to reclaim that level multiple times, but with no success. We can mark this level as a strong supply point. Significant demand level was reached in August where price bounced from 61 level with huge volume. Long-term trend line can be marked at that level, as it acted as a strong support. Hence, the box is formed between 61 and 86 levels. Another point of interes is 74.4 acting as a magnet, with plenty of action around it. What happens next? We need to see decent volume at breakout of 86 for the stock to move higher. Target is 95 which had acted as a demand level of the previous box. Trade wisely and good luck! ----------------------------------------------------------------------------------------------------------------- Disclaimer!!! This is not financial advise. Longby AyBe_Invest0
RestingLooks like a flag, nice consolidation with decreasing volume. Continuation incoming imo Longby dobisa0
$PENN HTF ACB/Daily IBO LongWeekly Swing Watchlist Anyone else missing the US Equity market today??? #1 Secondary Watch $PENN HTF ACB/Daily IBO Long Monthly - Bullish engulfing/0.5 fib retrace Weekly - Support/Bullish engulfing/50 ema Daily - Descending triangle break out/Emas/MACD/Decel Will become G2G pending further pullback on the daily for an entry. Will eval LTF when closer to entry. RR - 5.6 (Standard ACB target) Management - Long term Additionally on Watch: 10 stocks on this weeks development needed list 21 stocks on monthly watchlist (mostly in Tech & Health Care sectors) Live Trades: $TLRY - Full Risk $MSTR - Zero Risk $OEG - Full Risk $AMC - Zero RiskLongby JSiminoski1
PENNRates can go up, the beginning of sports competitions in the United States, in particular the NHL, NFL NCAA. Several variants of movements, therefore, a guide to the levels, buying is presumably at the blue level of 84.5by S0rt02
$penn to $90+ by October.With sports gambling becoming more and more accessible and football season right around the corner, this call is basically a given Inverse head and shoulders on the 4hr as well as low rsi Up upLongby Infernal0x4
$PENN HTF IBO Long#1 Secondary Watch $PENN HTF ACB Long Monthly - Bullish engulfing/0.5 fib retrace Weekly - Support/Bullish engulfing/50 ema Daily - Descending triangle break out/emas/MACD Just waiting further pullback on the daily for an entry. Will eval LTF when closer to entry. RR - 5.6 Additionally on Watch: Secondary - $XBI HTF IBO Long Secondary - $TRIP HTF ACB Long 27 stocks on development needed list Live Trades: $TLRY $MSTR $OEG $AMCLongby JSiminoski0
8/30 PENN(1) PENN reached the resistance on Friday (2) short-term can do a re-test to 71 (3) wait and see if there is a swing opportunity by Tom_the_Moon0
$PENN Triple Bottom Reversal Pattern$PENN is forming a triple bottom and showing signs of a bullish reversal soon. Entered OCT calls. A break below volume shelf invalidates trade. High reward low risk in my opinion. Longby FriscoTradesUpdated 117
PENN - 5 TAPs is enoughPENN looks like it will test - TAP TAP TAP TAP TAP (5) yes 5 of those! -- Hopefully it will break out. Alerts at 74.5Longby confidentTacos61323
PENN big targets ahead after this breakoutNASDAQ:PENN watch this breakout if it goes well then I'd give it a solid bullish buy after 73.97!!Longby swagmax3331
PENN is getting ready for that big breakoutthis trendline clearly has lots of strength here, DKNG is in a similar pattern. I believe this is the consolidation before the big breakout. but consolidation can last 2 months, or in some cases up to 1 year+. for confirmation that more upside is coming in the short term look for a move above 78-80. after this has a clear break we can fly to 100 and higher. goodluck ! Longby Vibranium_Capital21
$PENN triple bottom?...Looks like a crowded trade, but it's settling here for awhile. No position yet, still on watchby UnknownUnicorn3924154112
PENN PENN PENNPENN has been falling for the longest time. RSI fell below 30 on the daily on 7/19, broke above the trend line, and closed above the trend line after 3 red days. Could it be the reversal we've been looking for? Possibly.Longby timchoUpdated 2
$PENN - Weekly pivot bounce & MCD curling up$PENN - Weekly pivot bounce & MCD curling up, watch for break above 75 for callsLongby SrjInfinity0
PENN close above 74 resume uptrendBull div on RSI MACD and CMF good earnings , competition looking weaker than before (DKNG) accumulation finished mark up phase to begin soon engulfing reversal candles by longstrokelarry3