Republishing older chart with a few new annotations. Same short signal as last time. Once again faces significant resistance at the 63 RSI level, with failed breakout from rising wedge. Targeting $71.5.
6.27.14 - 1:10pm EST
Casinos stocks showing relative weakness as they trade below key moving averages. At the same time major indexes are at their highs.
It is hovering around 200 EMA at $73.22 and today gapped below, it could be new point of reference.
Major support at $72 which is in tact since February 2014. Break and hold below for few days could lead to some downside follow...
CCI is back up to 0 and is a decent place to initiate shorts.
Big head & shouders top pattern signaling a change in trend from up to down.
Unfilled gap down below near the $60 projection going out to summer.
Cover when CCI reaches close to -200 (perhaps -190).
78 is key resistance. Use stops 3 ATR's above your entry and definitely beyond key resistance at...
With the stock market at recent highs, Las Vegas Sands Corp. (NYSE:LVS) is having trouble catching a bid higher. As technical traders, we seek to locate the best possible points to enter and exit a stock based on the charts and recognizing the best chart patterns. One of the best chart patterns, which is often interpreted or read incorrectly by most traders, is...
Las Vegas Sands LVS Daily rally back to resistance is setting up a nice short sale zone marked by the red box.
I'll target the bottom end of the range of 70 initially and use a 3 ATR (11-day ATR) stop loss.
I'll reference the last chart so you can see this chart is untouched from the last one published.
The red box is the zone that leads up to the apex of...
Las Vegas Sands LVS
I'd like to show you how to find "Hidden support and resistance" that you would not otherwise be able to see from just a plain price and volume chart. The key here is to look at the price range around previous earnings reports.
What I have found is that the 3 days around earnings reports are big numbers to remember and that the market has a...
Potential breakout on the horizon for LVS. Price has been consolidating after a strong breakout. Supported by 8 dma and trend line. Look for a break of the upper descending trend line then through it's 52-week high at $73.49.
Historically, LVS has presented a strong amount of Relative Strength to the market so I expect this trend to continue as long as the...
Las Vegas Sands Corp. (NYSE:LVS) surged in early trading, only to give it all up into the close. The stock hit a new 52 week high early and then was blasted lower as the markets fell on worries about the debt ceiling. The stock is extended and finally today has put in a topping tail. A topping tail is a technical signal of a top. Look for downside in the coming...
$LVS in MASSIVE ascending triangle... Personally think these last two candles on weekly are offering an opportunity to get in. This is a very bullish chart. One can wait to play the breakout over that line. Note $LVS is holding this ascending TL off low. Closed this week just above 50MA.
Recent Macau Year over Year numbers for February were up 11.5% showing...
