TLS chart, page-428

Hello zabbro, yes, I know what you mean. But it will fall back down to $2.98 to fill that gap. What we need to perceive is that it wont do it yet and that is where I agree with you when you say, "I actually think it wont happen this time". It will but I think it will be later, in the next few weeks. Unless, there is a profit warning issued tomorrow morning. That will make it gap down there tomorrow. Possible, but unlikely as it would make Penn look real dumb.

I sold 2/3 around $3.20 and got back 1/3 at $3.10.

There is evidence in past chart history that days like today, where you have a sharp rise, then sharp sudden pull back is a buy day. And I'm betting today is consistent with that.

Example, 21 August 2018, 5-6 May 2016, 29 June 2015 (although deeper pull back), 20 January 2015, 10 February 2015, 22 April 2013.

Good luck.