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abow1007

Wow, my trading buddy found us another potential cup&handle

Long
PENN Entertainment, Inc. (NASDAQ:PENN)  
abow1007 Updated   
NASDAQ:PENN   PENN Entertainment, Inc.
Trend Analysis Candlestick Analysis Cup And Handle cupandhandlepattern Bullish Patterns bullsetup PENN
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trendanalysis candlestick cupandhandle cupandhandlepattern bullish bullsetup penn
PENN
We have a potential massively bullish play here. If it can close above $38 soon then we could see a massive run! I'm anxiously waiting to see if it will confirm. If it takes too long then it won't be valid.
Comment:
We are about at 4 weeks for the handle, it's not looking good for the c&h. If it doesn't pop up in the next 2-3 trading days I'm gonna call this c&h a fail. Good news is that it did signal at about $36 so I'm holding options with that in mind.
Trade closed: target reached:
Although the cup and handle never completed we still achieved our $36 signal price!
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