$PENN - RC -
Added 2023-08-05 19:28:26 +0000 UTCRejected again trying to get out of the descending wedge and pulling back now and working its way down through the critical support Fib levels.
It has also lost the 50 Day MA too and the 200 Day MA is a good bit higher than the 50 Day, which is not a good sign, solidifying the bearish trend here.
I would not do anything with this until it shows signs of support.
As it stands the count is valid but going below the blue line and even worse the bottom yellow trend line as part of the wedge, this is in trouble then.
Comments
Do you think ? 😉
Kristof Van Nevel
2023-08-08 20:34:17 +0000 UTCDkng is eating their lunch
Chris
2023-08-05 23:17:44 +0000 UTC
