NYSE:PRTY
PRTY had a double or triple bottom after the earnings
miss in May but has reversed after
PRTY had great reported earnings last week and now
has breakout price action. A Target of %3.00 based
on the volume profile and the EMA 200 seems
reasonable. A stop loss of 1.69 based on the
EMA20 and the volume profile makes for a
good reward for the risk. The low volume
area ( a bit of a gap ) could allow for quick
upwards price action into the upper high volume
as the price fell through the same area quickly
back in May with the earnings miss.
All in all, this makes for an excellent swing trade
setup.
PRTY had a double or triple bottom after the earnings
miss in May but has reversed after
PRTY had great reported earnings last week and now
has breakout price action. A Target of %3.00 based
on the volume profile and the EMA 200 seems
reasonable. A stop loss of 1.69 based on the
EMA20 and the volume profile makes for a
good reward for the risk. The low volume
area ( a bit of a gap ) could allow for quick
upwards price action into the upper high volume
as the price fell through the same area quickly
back in May with the earnings miss.
All in all, this makes for an excellent swing trade
setup.