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RichSimon
Jun 8, 2020 7:43 PM

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

PENN Entertainment, Inc.NASDAQ

Description

Short-term trade idea for NASDAQ: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%.

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Trade closed: target reached

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