Powerfulgains

PRTY | BUY Option | TA

Long
NYSE:PRTY   None
&& NFA - Not financial Advice &&


Following the chart we can see on the Chart :
BULISH-
*Price Action hit Fibonacci 618 With really big support line at 5.28~ with heavy wick that got heavy buys at 4.19.21
*Owner has bought recently 2,500,306$ worth of shares
*15M Double Bottom Pattern on the support line - (can be seen in 1H Chart too)
*Long term Trend line that can cause an heavy amount of buys


Bearish-
*Insanely big head and shoulders pattern that can really cause over selling of the share.
*Stock market and markets at all looks bearish at this point and that is not helping to the stock to grow main reason of this trade being high risk trade!

Neutral -
*At 9.1.21 stock stopped at 11.08$ checking the 618 Fibonacci level and got rejected that can means that the trend is bearish .[in order to keep the bearish trend on the big picture
its good to block here and getting the trend completed in order to keep the downtrend so this note is pretty neutral]


Risk - 8/10

Safer risk entry -
Entry - 4.87
Stoploss - 4.49
TP1 - 6.21
TP2 - 6.61
TP3 - 7.07
TP4 - 7.53

Higher risk entry -
Entry - 5.29
Stoploss - 4.49
TP1 - 6.21
TP2 - 6.61
TP3 - 7.07
TP4 - 7.53
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