PENN gaming bouncing off the 200DMA as I predicted yesterday, will easily carry this to $100 IMO, not only do we have support at the $75 level, but we also have an upward trendline from August of 2020 that gives this 3 technical confirmations and bullish outlooks for an upward movement towards my target of $110.
PENN Gaming reversing from an oversold area looking to bounce off its 200 day moving average, in my opinion $80 is a fair price for a swing towards $110 near term. Not only is this respecting its support line near $75, but its trendline since August of last year. $110 is a conservative target, considering its trading range near $140 in March. Negative MACD value...
Obviously this industry is trying to get a running start on claiming a vacant spot since the pandemic. If the industry as a whole is multiplying their advertising budgets by 15X its not out of line to think that their overall profits will increase as well. Is double industry earnings year over year out of the question? by iCantw84it 05.19.2021
Uping their advertising dollars across the market as a whole at 15 times the normal amount spent in advertising. by iCantw84it 05.19.2021
Clear corrective behavior tells me we're likely to get another impulse up on Penn. We could stay in the corrective pattern a bit longer, but once it breaks, new highs incoming. First target $160.
What's next for DKNG? I'll be providing two other posts, please make sure you check those out as well after reading this. There's a lot of juice behind this stock right now. As you can see from the chart, DKNG had a clear breakthrough below the 200 day SMA. This line of support had massive volume (VPVR) at the 51 level, the 200 day SMA line at 51, as well as...
I think PENN is oversold. The country is reopening and sports will be back in a BIG way. And do you know what's bigger than sports? SPORTS BETTING! PENN Nationals merger with Barstool Sports, a media company with hardcore sports fans was an end game move! They will be the biggest and lead the way for other sport betting companies. Sports betting will be legal in...
Could go either way but I like this breaking out to the upside. Strong support ~$97-$98. Stochastic points to the upside on 4HR. 50 EMA has been acting as resistance and I would like to see a close above. What's everyone's thoughts?
DKNG 1HR CHART... After a strong sell off from reaching ATH, we seen some bullish momentum in the past 2 weeks with a strong close on Thursday. March Madness championship is Monday April 5th, so a potential catalyst to help this momentum continue. Expecting to see some bullish price action early this week and sell the news with sports activity decreasing....
up 165%, down 30%, up 165%, down 30% .....
$PENN at key support showing signs of weakness, major confluence at this prices we could expect a bounce - however if breaks lower, look for retest for a great short entry aiming for major dump.
$PENN sitting at the bottom of its range giving us entry for continuation on its current uptrend. We like entry here at golden pocket aiming for previous ATH.
Please see previous post about PENN regarding analysis. summary of it (short term downside, long term upside) always do your own analysis before placing a trade. this is for education purposes and not investment advice.
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...
$DKNG update wave 3 of 3 target hit, could see a retrace to my .618 which fills that gap at 62, I can see one more push towards mid march once this correction is in, after this month not much sports activity going on but news with gambling (laws, app features, partnerships) can push this. Short target: 60 Long Target: 75+ ($100 stock long term)
-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% -If not aware, see link for information on the Barstool Fund www.barstoolsports.com
Potential Price targets based on pitchfork into next earnings. Just hypothetical if the bullish trend continues. High Range: $79.61 to $87.34 Median: $79.61 Low Range: $70.95 to $79.61 DKNG raised its revenue outlook for the FY2021 from a range of $750 million to $850 million to a range of $900 million to $1 billion.