$PENN - a confirmation of long term downtrend?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 $87, which seems far away from the current price.Shortby aniHotmail0
Not Looking Good )o:Maybe set some stops. Life does not always turn out the way we want it to. 0; Possible crab/If short, then stop above the neckline which has been broken may suffice which is 61.02Shortby lauraleaUpdated 1
PENN Bottoming Out$PENN hitting the -2bottom Murrey line signaling extreme oversold conditions, this will reverse anytime.Longby blackmountain0
PennTight stops below. Last suppor before a big fall. Also could be a great risk to reward Longby Erictaylor0
PENN Long - One Dip, Everybody Knows The Rules.Penn has experienced a substantial drop in share price due to a correlated attack from Business Insider against CEO David Portnoy being released the same day as an earnings miss. The CEO of Business Insider is barred from ever trading securities again in the United States derived from a history of insider trading. Penn Is a large player in the Casino industry and have been seen in recent years branching out to other forms of media. Long story short - Penn is highly-highly undervalued in this position and the market will soon capitalize on the opportunity. I typically don't post equity charts but this one is free money. -xx HoodChefLongby hoodchef335
PEN- Ascending Channel - Rejected at the top PEN - Rejected at ascending top channel- It will touch the bottom of the channel . Shortby Tweezer_KaranamUpdated 331
PENNEducational Study plus some Prediction magic. Curious to see price actions reaction to those Doji'sby jjmatsjr2
PENNLooking for PENN to respect this long term trendline after a period of horizontal congestion.Longby jjmatsjr0
PENN LongTrendline break Entry 78 Stop 69 Target 110 Risk management is much more important than a good entry point. The max Risk of each plan should be less than 1% of an account. I am not a PRO trader. I trade option to test my trading plan with small cost. Longby PlanTradePlanMMUpdated 4
PENN- Symmetric Triangle break out -Follow through PENN : Broke the symmetric triangle. Flow is bullish on follow through day MACD : Bullish Longby Tweezer_Karanam1
$PENN Penn national On verge of Major Move Hopefully you find the chart helpful in terms of Supports & Resistance etc. we refrain from adding commentary on the chart as that is reserved for our members and we are very conscious of not giving financial or trading advice. Thank you for taking time to consult our chart and we would really appreciate a like, follow or comment. Longby Xclusive-Trading8
PENN daily squeezeSeeing price squeezing inside this symmetrical triangle, Worth keeping an eye on it and wait for a breakoutLongby HouseOfTrades0
$PENN channel.Playing the bottom of a channel. If the range is wide enough, playing the bottom of a channel can be very good r/r. Longby steltz022
$PENN Weekly swing ideaPenn on the weekly pretty bullish set up from a technical perspective for a swing trade going into EOY. Nice base forming with a weekly close at the 21EMA, however strong resistance zone $84-86 . Want to see a break of this, followed by possible retest similar to DEC 20 price action before continuing to the upside. Failed break of resistance zone invalidates trade and look for a move back down to $70 Momo has my bias to the upside given overall market stays in line. Longby FriscoTrades111
watching these levels like a hawk next weekPENN is about to break a big resistance with a curling RSI, lets not forget the beautiful bounces off my trendline support zones! this wants to test 85 then 94 if the market behaves! on watch for scalps next week. good luck ! :)Longby Vibranium_Capital1124
$penn inverse h & s$penn inverse head and shoulders on the hourly. Volume is strong I'm long 🤝Longby Infernal0x2
ABC BullishPenn has broken long entry level. Possible stop under C or under last pocket pivot (green triangle). Target is D Targets calculated using the AB leg and projected from C. The target is D. AB does not always equal CD. D can be less AB length or an extension of the AB leg. If Targets 1 are the .382, .618 and .786 of the AB leg. No recommendation. Short interest is 9.46% Trends can come unexpectedly, unpredictably, and they can get old just like we do.by lauralea3
PENN - Option Play for the week PENN - Long above $80.20 (we have to make sure this isn't just a B wave bounce into C) & Short below $70.80 into green box. PT for longs: $92 - $101 PT: for shorts $54 - $64.15. I prefer 11/19 or 1/21/22 80C's for longs and 11/19 70P's for shorts. by MarketMotion2
Penn National Gaming losing ground. PENNGeneral downtrend continues in this stock, and we believe we are about to enter another possible C Wave. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets going down are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!Shortby Rykin_CapitalUpdated 1
PENN: Head & ShouldersH & S noticed, we might see $65 (the upward trendline) on PENN in couple weeks if the whole market keeps its current selling momentum. Longing at $65 could be a good idea assuming PENN can keep its upward trendline. I personally believe the college football season or any related sport seasons are already priced in couple weeks ago.Shortby itsdatboi2