$PENN - RC -
Added 2024-01-13 22:24:01 +0000 UTC$PENN did not have a great week, having broken out of its long wedge and above the 200 Day MA, it retested the 200 Day MA from above and could not hold this level, or the 50 Day MA and broke back down into the wedge again.
There are still important Fib levels at $21 that can come to the bulls rescue but like I show on the chart, a break below the blue line and it is into the bear case and there is certainly weakness here.
If it is not able to recapture the blue line, the price action can come down to the bottom of the wedge again.
Let's see how the next few sessions go for $PENN.
