Partytime
PRTY - Potential Bottom Swing PlayParty City is in no way sheltered from the current state of things. Most stores are probably shut down, but with all the increased buying I believe we have hit a bottom and can break up to an upper channel off its most recent move.
I do not have any shares of PRTY but will be looking on monday to buy in the area of 0.58-0.61 if I get the chance. First price target is 1.18 and depending on how strong the move is, I may ride some up to 1.66.
This is only a swing idea, I am not necessarily bullish on PRTY, but I do believe in the swing potential setup here.
If we get the right pull back! Its Party Time.Hey followers,
I have been watching ICN/BTC rally over the last couple of days but haven't been able to find a way into the party. We are now getting a pullback and have a quality support area in focus.
Iconomi has been on a bit of a tear for the last few days, and is currently giving us out first pullback and potentially opportunity to join the party. We are looking for a pullback to the 0.000190 and 0.000186 support band. The support support band coincides with the 38.2% fib retrace. This band is support taken from the Daily chart.
Once we get to our level we are looking for a decisive buying bar (closes by the top) on a Hourly or 4 Hourly bar, and we will buy when the high of that bar is taken out.
Entry high of the buying bar bouncing from the support band.
Stop loss below the bar and the band 0.000183
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Target 1 The first bar on my timeframe that closes above my entry bar
Next Targets before the blue dotted lines
0.000205 Target 1
0.000219 Target 2
Enjoy guys lets get some profits in the bank!
Facebook: Party time over for now: stay or leave for the Summer?Facebook: even if results are already baked in this is a case of sell on the news this stock shouldn't fall below 147 tomorrow. It would take a fall below 146 to trigger any further weakness back to 143.8 which would be viewed as another fantastic buying opportunity