Penn Entertainment (PENN) is a downside watch if it breaks under 13.60, which is a double bottom support level from last week.
Source Post
IRAN Is About To Make The Stock Market Go Insane
The creator discusses the geopolitical tensions surrounding Iran and the Strait of Hormuz, highlighting their potential impact on the stock market, gold, and Bitcoin. The analysis focuses on the S&P 500's technical levels and historical reactions to supply shocks. Several stocks are mentioned with specific price targets and trading strategies, including EQT, Tesla, NYT, Newsmax, SolarEdge Technologies (SEDG), Penn Entertainment (PENN), Uranium Energy Corp (UEC), and Bitmain (BMNR), with a focus on both upside and downside potential.
Linked Mentions
Tickers discussed in this post
SolarEdge Technologies (SEDG) is a potential upside play if it breaks above 53.25, following a strong performance in solar stocks.
A large bearish trade on NYT suggests a potential downside move towards resistance around $83, with a target expiration of May 15th.
Tesla is expected to drop further, with key downside targets at 365, 360, and ultimately 350, where a significant buy wall exists.
EQT is a favored pick due to its exposure to US liquefied natural gas producers and exporters, benefiting from Middle East energy infrastructure damage.