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BenToGo

LVS Short with an change of trend after resistance breakout

Short
Las Vegas Sands Corp. (NYSE:LVS)  
BenToGo  
NYSE:LVS   Las Vegas Sands Corp.
Support and Resistance Fibonacci Trend Lines Stocks stocktrading stocktrade Fibonacci Retracement fibonaccianalysis lasvegassands supportandresistancezones resistance_level
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supportandresistance fibonacci trendline stocks stocktrading stocktrade fibonacciretracement fibonaccianalysis lasvegassands supportandresistancezones resistance_level
LVS was in a clear uptrend after the higher high couldn't be confirmed. We have a breakout through the resistance zone at ~60.60. The plan is to wait until the price reverses for a correction back to the resistance zone where we are entering. The stop loss is placed above the zone with a take profit at RR 1:1.
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