Bull case:
-hot sector > backbones of online casinos, like PENN
-nfl beginning!
-Earnings are forecast to grow 108% pear year.
-retraced to .618fib
-forming double bottom around whole number $20
-AO and Stoch showing a little divergence
Bear Case:
-price trading under heavy consolidation area between 20-21
-making lower highs and lower lows (head and shoulders pattern)
-under 20 and 50ma
-still unprofitable
Trade setup:
Easy 3-1 r/r
Entry 19.5
Stop 17.5
Price Target 25+
-hot sector > backbones of online casinos, like PENN
-nfl beginning!
-Earnings are forecast to grow 108% pear year.
-retraced to .618fib
-forming double bottom around whole number $20
-AO and Stoch showing a little divergence
Bear Case:
-price trading under heavy consolidation area between 20-21
-making lower highs and lower lows (head and shoulders pattern)
-under 20 and 50ma
-still unprofitable
Trade setup:
Easy 3-1 r/r
Entry 19.5
Stop 17.5
Price Target 25+
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.
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.