$PENN Weekly swing idea
Penn on the weekly pretty bullish set up from a technical perspective for a swing trade going into EOY.
Nice base forming with a weekly close at the 21EMA, however strong resistance zone $84-86 .
Want to see a break of this, followed by possible retest similar to DEC 20 price action before continuing to the upside.
Failed break of resistance zone invalidates trade and look for a move back down to $70
Momo has my bias to the upside given overall market stays in line.
Nice base forming with a weekly close at the 21EMA, however strong resistance zone $84-86 .
Want to see a break of this, followed by possible retest similar to DEC 20 price action before continuing to the upside.
Failed break of resistance zone invalidates trade and look for a move back down to $70
Momo has my bias to the upside given overall market stays in line.
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