Get started
tradepatiently

PAG Entry, Volume, Target, Stop

Long
Penske Automotive Group, Inc. (NYSE:PAG)  
tradepatiently Updated   
NYSE:PAG   Penske Automotive Group, Inc.
Supply and Demand Pivot Points
0
0
supplyanddemand pivotpoints
  • Enter when price clears 155.37
  • With daily volume greater than 550k
  • Target: 178 area
  • Depending on your risk tolerance: 147.87 gets you 3/1 Risk/Reward
Comment:
Good earnings, volume on daily increasing, still watching for entry.
Comment:
Basing-consolidating-whatever you call it - nicely. Still watching for a good volume breakout to enter on.
Comment:
I still like the setup - just being patient. Needs Volume!
Comment:
I wanted to take the trade today, but didn't - not enough volume but did get price.
Comment:
Not enough buyers (volume) yesterday, pulled right back today. Still waiting for volume.
Comment:
Price without volume, I'll let it go without me if I have to.
Comment:
Comment:
Missed an entry last Friday, decided to hold up on buying today waiting to see where market goes.
Comment:
Just not the volume I'd like to see - if you did take the trade congrats - I would expect a pullback and possible another entry opportunity, or opportunity to add to your position.
Comment:
You should be at least 1/3 out, or even 1/2.
Comment:
I would be 2/3 out.
Trade closed: target reached:
Congrats if you took the trade.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.