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PENN Entertainment, Inc.
Long
Updated

Wow, my trading buddy found us another potential cup&handle

237
PENN
We have a potential massively bullish play here. If it can close above $38 soon then we could see a massive run! I'm anxiously waiting to see if it will confirm. If it takes too long then it won't be valid.
Note
We are about at 4 weeks for the handle, it's not looking good for the c&h. If it doesn't pop up in the next 2-3 trading days I'm gonna call this c&h a fail. Good news is that it did signal at about $36 so I'm holding options with that in mind.
Trade closed: target reached
Although the cup and handle never completed we still achieved our $36 signal price!
Strategic_Option_Trading
Also on:
Bullish PatternsbullsetupCandlestick AnalysisCup And HandlecupandhandlepatternPENNTrend Analysis

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Bullish PatternsbullsetupCandlestick AnalysisCup And HandlecupandhandlepatternPENNTrend Analysis
Strategic_Option_Trading
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.