Portnoy Screwing Penn? Fib Fan says NO

It's been awhile since Penn dropped to a .5 retracement. Is El Presidente's sex tape tanking Penn, forcing it to break below a .382 retracement destined for .5, or is it just a natural retracement paired with awful timing of an illegally released tape? It looks to be the latter and unfortunately adds a little extra insult to injury. I'm not sure Penn will hit the .5 retracement due to the recent S&P inclusion.

My best read of this chart it that the inclusion will allow Penn to delay it's due retracement. I've reconfigured my chart from the one I posted on March 13 hopefully creating a more precise characterization of this equity. There still is a good chance this falls to the .5 retrace, before it takes off again. If it does, it will be an excellent jumping pad!

Dagangan aktif:

.5 retrace complete. expecting a large movement to around 110 before returning to the .382. There is a possibility of hitting .25 before retracing back to .382. Once .382 retrace has completed, I expect 2-4 weeks of consolidation before shooting back to 0.