PLAY trade ideas
Bullish Entry for PLAY, Next Zig Zag Positive Wedge: $17.50 LongRight now, I think it is low to mid risk to have an entry on PLAY for a $17.50 long target. I think the upcoming wedge in the Zig Zag pattern is likely going to be positive, and it is one of the stocks you can buy and have a close watch on. It already passed the high risk period for bearishness, and the market cap is quite low. As always, this is on an opinion based basis and pursue at your own risk.
PLAY - Looking for entryMany of the COVID effected stocks (entertainment / tourism / airplanes) gave a decent pullback trade to the upside.
PLAY is coming back to an area of interest where i will be looking for some support (or lack of it)
Key will be a higher low / break of downtrend
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
NASDAQ:PLAY
PLAY! Ascending Triangle!PLAY! STOCK
My Thoughts: Bullish
Current Price: .19.26
Divergence: None
Daily Pattern: Ascending Triangle
Possible Pattern: Daily Ascending Triangle
Weekly Pattern: Falling Trendline Resistance
Current Resistance: 21.22
Current Support: 17.35
Targets are take profit areas for me!
1) 21.22
2) 23.18
3) 24.74
4) 30.37
5) 33.87
6) 39.31
7) 43.42
8) 48.00
Level of Supports
1) 17.35
2) 14.68
3) 9.95
Please remember to DYOR and this is not financial or investment advice. It's my targets for the market at this moment. Please let me know what you think of my technical analysis and thank you.
PLAY LongDaily support at 10.84. Entry near 11.00, TP at 12.20, Cut at 10.80
Gap down was brought about by the news of new issuance of common stock of which $100M has been subscribed.
This can be a buy on news trade given that the stock has been down for past 2 days - most probably sold by insiders.
PLAY Dave and BustersDave and Busters is a restaurant stock I'm looking at going into when we start to recover from this shutdown due to the virus (if they survive). Prior to the economic shut down they planned to expand from 136 restaurants to 250 by next year. They make most of their money off of entertainment and the bar section and they do not offer take out or delivery options which crushed them during this shutdown.
The stock price went from almost $50 just prior to the Coronavisus all the way down to almost $5. I think this has some serious potential if they recover from this!!
