SANDS China on the way down!SANDS China SCHYY is looking at retesting some old support levels. SHORT
0.85USD
692.00 MUSD
4.12 BUSD
About SANDS CHINA LTD
Sector
Industry
CEO
Kwan Lock Chum
Website
Headquarters
Macau
Employees (FY)
25.91 K
Founded
2009
FIGI
BBG000QXQDV7
Sands China Ltd. operates as an investment holding company, which engages in the development and operation of integrated resorts in Macao that contains gaming areas, meeting space, convention and exhibition halls, retail and dining areas and entertainment venues. It operates through the following segments: The Venetian Macao, Sands Cotai Central, The Plaza Macao, Sands Macao, The Parisian Macao, and Ferry and Other Operations. The company was founded by Sheldon Gary Adelson on July 15, 2009 and is headquartered in Macau.
Key levels to watch on Sands ChinaThese are the key levels to watch for Sands China. Prices are testing support where we could see limited upside
Sands China is approaching resistance, potential reversal Prices are approaching our resistance in line with our descending trend line, 61.8% retracement and 61.8% extension where we could see a reversal below this level. Ichimoku cloud is showing signs of bearish pressure as well, in line with our bearish bias.
Sands China could see further upside Prices are facing bullish pressure from our ascending trend line where we could see a further upside above this level.
Sands China is facing bullish pressure Prices are facing bullish pressure from our ascending trend line and could see a further upside above this level. Ichimoku cloud is showing signs of bullish pressure as well, in line with our bullish bias.
Sands China approaching resistance Price is approaching resistance where we could see a reversal below this level.
Sands China reaching support, potential bounce Price is reaching our first support in line with our ascending trend line where we could see a bounce above this level.
Sands China Ltd (1928 - HK) - Updated Elliott wave countSands China Ltd (1928 - HK) is in 3rd wave down of C down in Y wave as shown in chart. It is also under-performing the market.
Sands China Ltd (1928 - HKEX) WXY wave patternSands China Ltd (1928 - HKEX) looks in corrective WXY wave pattern. After completing X, it dropped in five wave A followed by its corrective B wave. Sell with stops above 32.70 with C (W - internal of Y wave down) as target.
Sands China Ltd (1928 - HKEX) WXY wave patternSands China Ltd (1928 - HKEX) looks in corrective WXY wave pattern. After completing X, it dropped in five wave A followed by its corrective B wave. Sell with stops above 33.30 with C (W - internal of Y wave down) as target.
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