Bull case:
-hot sector > backbones of online casinos, like PENN
-nfl beginning!
-Earnings are forecast to grow 108% pear year.
-retraced to .618fib
-forming double bottom around whole number $20
-AO and Stoch showing a little divergence
Bear Case:
-price trading under heavy consolidation area between 20-21
-making lower highs and lower lows (head and shoulders pattern)
-under 20 and 50ma
-still unprofitable
Trade setup:
Easy 3-1 r/r
Entry 19.5
Stop 17.5
Price Target 25+
-hot sector > backbones of online casinos, like PENN
-nfl beginning!
-Earnings are forecast to grow 108% pear year.
-retraced to .618fib
-forming double bottom around whole number $20
-AO and Stoch showing a little divergence
Bear Case:
-price trading under heavy consolidation area between 20-21
-making lower highs and lower lows (head and shoulders pattern)
-under 20 and 50ma
-still unprofitable
Trade setup:
Easy 3-1 r/r
Entry 19.5
Stop 17.5
Price Target 25+