Get started
DefiJoth

PENN Going to $30 to Fill the Gap

Short
PENN Entertainment, Inc. (NASDAQ:PENN)  
DefiJoth  
NASDAQ:PENN   PENN Entertainment, Inc.
Trend Analysis Support and Resistance Supply and Demand volumeanalysis Monthly Charts Weekly Charts gapfill Contains image
0
0
trendanalysis supportandresistance supplyanddemand volumeanalysis monthly weekly gapfill containsimage
Overall market is bearish, and PENN has been in a downtrend for a bit. I am expecting it to fill the gap at $30.
The strong volume area also at that level should act as a magnet for price. The fact that price isn't free falling is actually pretty surprising considering how little volume has traded in this recent range.
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.