TomKirk

Crown Resorts long

Long
ASX:CWN   CROWN RESORTS LIMITED
-34 Month ascending triangle (primary pattern)
-Launching pattern 5 Month rectangle (launching pattern)
-Weekly Bollinger band squeeze
-Daily Bollinger band expansion
-50/200 Weekly SMA crossover
-Trending comfortably above 50 & 200 DMA

As there is two patterns overlapping, I will double my risk. 60 basis points planned
Am a buyer on a daily break and close above 14.10
Trend follow strategy



Comment: ASX 100 (the index in which this listing falls into) has also completed a 42 week cup and handle which should bode well for Crown Resorts

Comments

fzo showing proise finally..
Reply
TomKirk miltonmoney
@miltonmoney, Familyzone $FZO ? I am completely unfamiliar with
Reply
Showing severe weakness, under heavy distribution imo
Reply
TomKirk nfury8
@nfury8, You very well may be right, that's why I will require a break and close above both patterns before considering a long and am not undertaking any pre positioning tactics
Reply
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