PENN trade ideas
PENN - trade idea PENN is another stock being added to the SP500. short term looks like we can see a pull back. As can be seen the chart is all over the place but its been choppy the past few weeks. Im expecting some short term downside but the longer timelines show bullish sentiment in my opinion.
I expect a pull back slightly this week with longer term upside, I would estimate that PENN will pull back to the 0.5 level (118.86) and then turning around to continue higher.
Short term meaning one-two hour charts.
Always do your own analysis prior to taking any trade
this is for educational purposes and not investment advice.
Penn It been a minute Fib FanIt's been awhile since Penn retraced to a .382 extension. Will El Presidente be able to keep this golden stock in the clouds or will it fall to earth? I see a sure fire .25 retracement in the next 3 weeks and expect a .382 retracement within the next 3 months. What do you see?
PENN playOne of my favorite stocks of all time as the Portnoy effect is real. The stock has been on a tear since September and I don't see it stopping. Hard resistance at 129. Just dropped below the 50MA after today's selloff and hoping for a bounce at 116 and 110 as a potential downside buy zone. Also, news of Portnoy ETF may give this a boost? The potential upside to -1.5 -- -1.618 area. Chart invalidated below 105.
Dave Portnoy, a better investment vs bitcoin through pandemic-In terms of percentage gain from the March '20 lows to current trading levels $PENN mathematically returned 3000%
-BTC/USD trading pair on BITSTAMP for same time period has a rough return of 1100%
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