1) I caught Chart Pattern which is called Symmetrical Triangle on RSI indicator. I drew a line and it shows that this security will sleep very long time to 2033. As you see resistance line of RSI worked very well in the past. It is coming from 2018 and it broke its resistance line already. RSI's 2 moving averages have not crossed yet and it is valid for sell...
NYSE:LVS Las Vegas Sands has been trading inside a descending broadening wedge.
The oscillators are trending up while the price is in consolidation. Closing above $50 will validate the wedge breakout and open the door to further upside potential.
Upside Targets:
$53
$56
$62
Downside risk:
$44 - $42
Las Vegas Sands (LVS) shares are higher in after-hours trading after the casino operator beat third-quarter earnings expectations and announced it will be authorizing a $2 million buyback program.
Zions Bancorporation (ZION) shares are trading lower in extended hours as the company’s total third-quarter deposits came in lower than analysts expected.
Equifax...
This trade was entered on the 14 Feb, I forgot to update it on here. At that point my LVS option trade was performing very well and moving somewhat independently from the broad market. However this changed on the Week of the 15 Feb when Retail and CPI results turned out stronger than expected.
I'm not exiting because I believe the hypothesis still holds and what...
If you haven`t bought LVS here:
Then analyzing the options chain of LVS Las Vegas Sands prior to the earnings report this week,
I would consider purchasing the 60usd strike price Calls with
an expiration date of 2023-9-15,
for a premium of approximately 4.00usd.
If these options prove to be profitable prior to the earnings release, I would sell at least half of...
NYSE:LVS is in a Head and Shoulders pattern and bounced from the neckline last week. The neckline, which is at $53, is a critical area. If it breaks, we may see further breakdown to the $48, $45, and $40 areas.
On the other hand, breaking above $61 would be bullish and invalidate the Head and Shoulders pattern.
On the hour chart, the trend started on May 24 (linear regression channel).
There is a high probability of profit. A possible take profit level is 57.96
But do not forget about the SL = 54.77
Using a trailing stop is also a good idea!
Good luck!
Regards, WeBelieveInTrading
NYSE: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.
LVS has formed a J-hook pattern with a projected measured move to the 70 area. This ties in nicely with a prior pivot high which might act as a liquidity magnet. Price is squeezing on the daily timeframe, and the Fibonacci EMAs are stacked in their correct order.
There's decent open interest at the 70 call strike for 21st April expiration which is reassuring ...
Whats The Plan/Trade/Thought
It looks like in the short term traders will be more concerned about interest rates and the impact it will have. The sentiment now seems to be that recession will be a soft landing. I think we need to trade on this optimism at least for the next month.
Lets look at categories with strong fundamentals where money might flow into...
Overbought on essentially all timeframes. Up against trendline and pivot. Would add a little around 58. Stop two daily close above 58. Full target 42. Half is half.
