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tradepatiently
Apr 23, 2023 2:41 AM

PAG Entry, Volume, Target, Stop Long

Penske Automotive Group, Inc.NYSE

Description

  • 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.
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