PENN PUTSPenn in a downtrend, however TTM Squeeze indicator signaling still has a lot more to fall. Keep in mind this is a daily chart analysis and a heavy swing. Blue line is price action short confirmation. Entering know would be a bad idea 😉Shortby Patrick23102
bounce off the 30 EMA30 EMA has been tested as the support line. consolidation between the support and the highLongby rareLeader2
Sample Layout B Simple Day Trading Layout with Exponential Moving Average Indicators by EthanSemenikhina3
$PENN going higher?Not your ideal cup & handle, but will monitor it in the next few days to see if it will trend higher after it closed the possible "handle" for a long position. Longby aristocksUpdated 6
PENN potential new high on uptrendwatching to confirm the break thru, for a new high and breaking thru the resistance line. Longby rareLeader5
Hourly $PENN - hourly time frame looking good. watching a few key lvls to see how this one plays out on the short term.by ABCTradin6
Building to go higher? Something to watch over the coming days. Waiting for a break out above 33 to confirm. Target around 36. Longby Parad0x_Updated 6
Cup/Handle/Breakout OnlyBreakout: 39.5 Stop: Under handle low which is 33 Target 1: 53 to 67 Target 2: 85 to 86 I have not entered this one yet and I know lots are short. I am watching this one dailyLongby lauralea5
PENN uptrendPENN looking bullish in the lower timeframes. RSI and trend pointing up. Aiming for the .5 and .618 fib. Longby cmergedUpdated 7
#PENN Divergence! Penn reached a supply area and bearish divergence on the RSI Shortby Alex-300Updated 114
Why I KNEW Airlines Are Going Green On The Open?- 06/11/20 RECAPHi traders, Market was going down strongly on Thursday, sadly I mistimed some of my trader or didn't take profit when I had the chance. But apart from that I'm telling you why I knew the airlines weren't going down from the open but rather up, despite gapping down significantly. Next time you see a situation like this it can save or even MAKE you money! Trades: 1) GOLD, LONG @25.71, -1.05% 2) MRNA - LONG @64.55, -0.55% 3) CSCO - SHORT @45.98, +1.38% 4) PENN - SHORT @28.94, -1.08% *In my ID trades, I risk 1% of the account per trade and go for 2% (2:1 RRR ). Sometimes I adapt a little bit as you can see in the trades' description.* Total PnL for the day: -1.29% Total PnL for the week: -3.34% Good trades, Tom | FINEIGHT08:33by Fineight223
Should See 25ish soon.25 may be a good entry point for PENN. Became way overbought during the casino rally and is finally correcting. Should see a bounce off the daily trend line which is also a support zone from Dec-January. This also may be around the time we get more confirmation on sports opening up and potential Barstool Gambling info. I currently own July expiration 30 puts and plan to start a long position around 25 if this is confirmed. Note: I don't know what I am talking about, so do your own due diligence and good luck. Shortby lroman90113
The whole board of the company bought shares before the rally. The whole board directors of the company bought shares during the last correction previous to the big rally that broke levels previous to COVID. Anyone really thinks that everyone is going to jump into casinos to burnt the little money they saved before getting fired?? Remember that many of the gamblers belongs to poorly educated people. Gambling is no more than a tax that those who doesn't know mathematics has to pay. Do you think that developing an online app is going to solve anything? The market of online gambling already have a leader and it is DKNG (www.tradingview.com) DKNG didn't even feel the impact of COVID. Is PENN going to beat DKNG in their own field starting so late?? This is a clear manipulation. Check the name of insiders who hear the whispering and bought before the whole manipulation of the price happened. If check the chart you can see it's already drawing to the shape of shoulder- head- and when we get a second shoulder everything will blow up letting the retail investors with an useless asset and the insiders with all your money, because they are already jumping (check the increasing selling volume during the last days) May13'20 BUY David A. Handler Other 27.8K 500.0K May13'20 BUY Jay A. Snowden Dir., Pres. &... 27.8K 500.0K May13'20 BUY Jane Scaccetti Board Director 2.8K 50.0K May13'20 BUY David A. Handler Other 27.8K Information provided by the Interactive Brokers portal. Shortby JuanBluer116
Not a big $PENN fan, but $35 Short TargetFirst off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, I don't support gambling from a moral standpoint. I am an excellent gambler in the sense that I know it is a manipulations game of cat and mouse, utilizing statistics and knowing the patterns, it is easy to beat the system that tries beating you. However, most people are mathematicians spending hours studying patterns, if they were casinos would be bankrupt in hours. That being said, casinos make their money off exploiting the foolish and the risk takers. The odds are meant to be stacked up against you in ways that are already pre-configured. If you aren't sitting in the corner doing multivariable calculus, you have better luck probably burning your money in oil. While all patterns are a mathematical science and art form, for that reason alone I don't endorse gambling. I don't even endorse the geniuses to try to do gambling. That being said, from a non-bias standpoint I want to look at PENN's stock. Right at their downfall and the whole Covid19 scenario, they bought a large piece of Barstool Sports as an investment stake, which is a way to sort of expand in the digital realm. In fact, they purchased a 36% stake. Besides purchasing a stake of a large digital broadcasting/media blog, PENN also owns a large share of the entire online gambling market segmentation besides their casinos. They also have their own responsible-gambling code of conduct , which I can respect. That being said, the patterns look like they are in a positive retracement. They are also in growing market segmentations in terms of demand. Short potential is there for a quick profit turn-over, so is even likely a long hold.Shortby gamer4561483
thoughts on PENNmy bullish thoughts on PENN. this would be my primary thought IF penn breaks 16. have fun out there be safe!Longby Devin567Updated 7
Penn Channel Seeing a pretty simple upwards channel in a lot of the online gambling stocks. I think these will continue to have some relief if the overall market can continue to recover. However, using a tight stop may be smart with current economic conditions.by muffetwarren5
PENN NATIONAL GAMINGPenn National is on such an uptrend its hard to pinpoint any trends right now. Ill come back to it next week, but for now ill start a chart. Not enough data to support it yet, but i think PENN is on the track recovering all its corona losses in the next few weeks as more states open. I added the Keltner Channel indicator because it works for almost anything. Like I said, Ill be back next week to update the chart when we have some more data. Dont forget to drop a "LIKE" if you agree. by Dorcy724852212
PENN NATIONAL GAMING INC Hey, traders. Cherry on the cake for those who love and understand how to trade false breakouts. Let's look at the chart. After the fall, the paper practically bought it back. From 14.05.2020 there was an unbridled growth. Think about it: 6 days of growth by 85%! And there's no pullback. We have a strong short level ahead of us, formed by the upper limit of the pullback in a downtrend. By the way, the level is confirmed several times. It approached the level at big bars. If you know how to trade a false break-down, go ahead. Shortby AllexMlUpdated 445
Penn National Gaming $PENN$PENN is struggling to break $18.74 so far. RSI is weaker than previous high. by TheBullseye4