Daily Report
LVS looks like it is bottoming out. Will earnings finally make it breakout? A break above 45 resistance level can easily take it 54 resistance level. Earnings coming out on Jan 26.
Holding up nice a buddy of mine pointed this out to me. It broke out from a descending triangle. Right now closely testing a MONsTeR resiatnce. If LVS breaks 45,10 and closes above it the resiatnce is slim to non. Def worth a trade if we can pop through that level and hold easy ride to 49 at least. Earnings on the 26th so dee be careful of that but watch closely
Price is well supported above $33 and shoot up 13% last week. Congrats if you respect your stoploss level and it shall it our first TP soon at $45
Do not chase now as earning report coming out end of this month
Trendline Break + revisit
At weekly Support Zone
10/20 earning, Gap Down
Entry 38.2
Stop 35
Target1 48
Target2 55
Risk management is much more important than a good entry point.
The max Risk of each plan should be less than 1% of an account.
I am not a PRO trader. I trade option to test my trading plan with small cost.
The reopening would be more and more beneficial fundamentally to tourism and NYSE:LVS is poised to benefit from it. Furthermore, we may find a typical double bottom pattern with higher low. There may be a high chance of a swing higher.
$LVS hitting trendline support that goes back to 2010! extreme support that will most likely not break unless some horrible news comes out.
watch for a downtrend breakout, then breakout to previous highs shortly after.
LVS has come close to backfilling the gap down it had a while back. The $41c 11/05 calls have been beautiful. I would expect a little resistance at the trendline but I also expect her to keep climbing into next year. LVS has been beaten down to no end and last time I checked, gamblers are very good at continuing to find ways to wager their money. Keep an eye out....
NYSE:LVS
Possible Scenario: LONG
Evidence: Price Action, It's going to fill the gap.
TP1: 39.5$
TP1: 41$
Call options, strike 40$, 01/21/2021.
*This is my idea and could be wrong 100%.
Hey everyone SamC here, we are going to start posting some set ups for the following trading day of a couple names we are watching. Feel free to ask questions in the comments and give us a follow.
LVS is retesting its covid peak lows of March 2020 and at a 10 year support.
With China's tightening regulation on casino's, Las Vegas Sands looks in trouble as it has significant exposure to Macau. There's some clear relative weakness when compared to MGM, which has a much larger US portfolio of properties
LVS properties: www.sands.com
MGM properties:...
Hopefully you find the chart helpful in terms of Supports & Resistance etc.
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