PBH trade ideas
Pointsbet holdings could be due for a rerateDoesnt matter how you look at it, it recently bounced on long term resistance. Could see a move in the next couple of days. Currently dont hold but will look to buy if it breaks to the upside. Buying price at 11 with a stop loss of 10.50. If it drops lower, purchase price 10.50 with a stop loss at 10. Lets see how the next 2 days play out
$PBH - POINTSBET - New listing. Might be worth a watch.I was having a look through some of the newly listed stocks on the ASX and thought this might be interesting. JIN has been one of my best performers and I feel this is a little similar in the space it operates in. As I post this, there are 67 buyers for 209,812 units and only 18 sellers for 127,415 units. One to watch to see what it does.
Pointsbet Holdings Limited (PBH) is a corporate bookmaker with operations in Australia and New Jersey (United States). PointsBet has developed a scalable cloud-based wagering Platform through which it offers its Clients innovative sports and racing wagering products. PointsBet's product offering includes Fixed Odds Sports, Fixed Odds Racing and Points Betting. PBH announced Hawthorne Race Course Inc.as their sports betting partner in the State of Illinois.