Description
⋅ Caesars Entertainment has been in a long channel up trend since the start of the year.
Most recently, we have seen higher lows with steady highs. See them on the chart.
BUT- the channel had roughly the same highs. Just yesterday it broke through that channel on the high side, and I bought in. (Entry in blue)
My S/L is at the bottom of the recent gap at/around $9.50 and the target is to break thru $11 for a $1 gain.
2/1 ration here. Not ideal, but manageable.
I am not a financial advisor, just sharing my thoughts with the community.
As always, would love to hear your thoughts!