RichSimon

PENN 25% profit / Long trade 29.42 -> 36.89 / Stop Loss: 27.55

Long
RichSimon Updated   
NASDAQ:PENN   PENN Entertainment, Inc.
Short-term trade idea for PENN .
Long trade 29.42 -> 36.89 / Stop Loss: 27.55 (use Trailing Stop with 1.87 below the market).
Profit: 25%, Risk: 6.25%, Risk ratio = 1/4 for all our ideas.
Size: no more 5% of the portfolio for all our ideas.

Idea trade based on patterns: Fibonacci 61.8%.

Stay tuned with more ideas and market signals with our Telegram-bot.
Trade closed: target reached

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.