PENN to retest the 50 day averagesBarring no stimulus is passed and the market doesn't crash then I see it bouncing somewhere between $65 - $66 with resistance at $68, 73, and $76 moving back up. A breakthrough would probably mean $85 as a first target. by DaBears11
PENN to $120. Penn National Gaming the most bullish chart. Penn National Gaming trading in a broadening bullish channel. NASDAQ:PENNLongby UnknownUnicorn54781341
PENN on watchI like this consolidation at the high. Long above the box to extension targets. Risk is a close below box. Longby WadeYendallUpdated 335
$PENN continuation #headandshoulders #chartPattern setupNice potential breakout setup to ATHs. Attaching chart pattern resistance early today.Longby TaPlot333
PENN Calls Give 100% return!Nice day trade here taken with my community! we entered 15 minutes after market open and closed out in less than an hour for 100% Gains!Longby UnknownUnicorn4204615Updated 0
$PENN Bearish Swing Trade PlanGreen Line - Entry Target Red Line - Exit Target Pink Line - Stop-Loss Highly suggest using Google to Search "Transparent Traders" if you're trying to get to the next level. Transparent Traders exists to solve the critical issues facing our traders, both large and small. Our unique approach is not only what differentiates us, but also what makes us successful. Our advanced Blackbox uses custom algorithms & predictive A.I. to locate the most accurate day or swing trades for the best chance of success. Shortby jonny_red320
big move at the break of penn cylinderitll be interesting. cylinder is a little steep so im leaning towards the bearish side, but if it breaks up from it, this thing'll ripby lofihenny0
PENN National GamingBeen relooking at more stocks with log scale and seeing if I can get a clearer count from it. PENN has promise and can see $100+ to finish this larger wave 1. Wave 4 not confirmed yet, but possible bottom has formed. More bullish over $68. Over ~77 to confirm wave 4 is in. Can see possibility of correcting to ~$45 - $34 for wave 4 which would be a great buying opportunity.01:59by cryptowaveman0
Can continue uptrendThis name is dependent on COVID news but has gotten back into formation and can make another big move up .by SpinTrades0
Will Covid Kill PENN's Rally? I think soU.S. just hit 160K new covid cases and there's no sign of slowing down. In fact, it's exponential growth (more than 100%) in November alone. That alone should cause the rally to pause and retreat to support, but the economic data has been promising and DKNG's just raised their guidance with one caveat - "As long as there are no disruptions to sports due to Covid". That being said we've already seen a number of games rescheduled in the NFL and what would happen if the playoffs were to be canceled? Or the season is postponed... until when? Spring? Things to consider in the weeks ahead... 1. Exponential Covid Case Growth and Overrun Hospitals nationwide. 2. Covid has already disrupted the NFL, College Football, etc. 3. Thanksgiving may be a super spreader event which dramatically accelerates us to 250K plus new cases daily 4. Black Friday shopping? That'll be worse than Thanksgiving 5. It's going to be a long winter and we're just getting started If sports make it through November then it could be smooth sailing from here - maintaining the blue line support. However, if $H%T hits the fan look for support at the redline. At these levels, I'm bearish but it's close to a breakout so who knows. Shortby DaBears1220
Cup and HandleSmall Rising wedge that developed longer than 3 weeks ago. A RW time frame for forming is 3 weeks or more, otherwise it is a pennant PENN has dipped down and out of the RW. Perhaps a done deal? Be safe Not a recommendationLongby lauraleaUpdated 1
PENN BreakdownPENN looking like it topped and formed a double top on the way down. I am expecting this to have a relief bounce next week, before getting soundly rejected and breaking down further. Price expectation is the start of the breakout (in red) if the orange line does not hold. Previous idea on the breakout: Shortby cmerged332
Penn - RSI MACD future lookPenn looks to be continuing downtrend in the near future. Sports seem to be pushing forward even as cases rise. In personal gambling may still struggle for now but keep an eye out for the MACD line to break signal in the next few weeks. Penn should bounce back. Barstool relationship is strong and market area will continue to grow longterm. Longby james219580
PENN Finally Broke SupportPENN finally broke support at 64.16 after a series of lower peaks. I got puts yesterday after we closed under support but at a high RSI value on the 5 minute chart. First target is 59.28 then 50.81.Shortby HadiDoesTrades1
Oct. 23 - Pain or Gain for PENN?Tomorrow is an interesting day for PENN. It broke through the 1-hour resistance (in the final hour), but held the Daily resistance line (Blue line). The stock bounced off the 50 MA and quickly moved to retrace 40%. 1. October 23 may see the stock open at the 50MA ($62.50) and run to $59 and recover or 1a. or will work its way down to $56. or 2. Open above and run up to $65.25 (S1/R2) and find resistance at the original support line. 2a. If PENN runs to $65 and can't break through resistance then I think it's coiling up for a hard move to the S2 on Monday and Tuesday next week. The blue line becomes the (down) trendline. by DaBears1882
Penn added to my puts short Broke below support on descending triangle very bearish Shortby Worldcat320dc1
PENN: A rough couple of days aheadPENN has tested S1 a few times now and I think it'll finally break below. Also, the VIX looks like it could jump to 34 by the end of the week as it broke above resistance today. Trendline, Resistance, and S2 through Friday. Shortby DaBears1Updated 2