We can see the giant Inverted Head and Shoulders on the daily chart, which is now further stretched down to $45.
I think this fall is enough, to confirm major long term downtrend, unless the trend reverses and holds above $87, which seems far away from the current price.
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.
