$PENN going higher?

23 giu 2020

Not your ideal cup & handle, but will monitor it in the next few days to see if it will trend higher after it closed the possible "handle" for a long position.

23 giu 2020

Nota

I have updated my chart to show better the cup & handle formation.

Better visual on the support level and plotted an ascending triangle forming that could be further confirmation of a bullish signal.

Here is the updated link:



Good hunting!

29 ago 2020

Trade chiuso manualmente

Unfortunately this trade did not pin out as I wanted.

After taking a small loss, I was monitoring this and traded first at support around 28s and then again when it breached resistance at 38-40s

Now I am all out!