NASDAQ:CZR   CAESARS ENTERTAINMENT CORP
123 8 3
Measured move on Pipe Bottom. If it makes it there, look for a possible pull back to form an IHS            
IHS setup broke down on friday. Possibly bankruptcy before Jan 16, 2015. It may skip an interest payment on Monday thereby triggering a default on its bond.
Reply
I've actually shorted at $11.80, which was a near-term mistake. Is the neckline around 12.30 ish? Should I bail and run once it retreat back to the neckline?
Reply
KLang PRO AlphaxRx
I trade patterns. I can tell you what I think was in play. I can tell you what might get in the way of tgt being fulfilled. But, I can't tell you what to do. I can say that if you don't "see it" don't play it. It's the best way to stay out of trouble. Good luck.
Reply
Thank you. I see the neckline now, it's at 14.30. Good advice!
Reply
KLang PRO AlphaxRx
But remember, it's dangerous to front run a pattern. Just because it looks like a nice neckline, doesn't mean it will happen.
Reply
Are you posting an update to the CZR chart. It broke out the 50 SMA. What's the next target? Thanks in advance.
Reply
KLang PRO AlphaxRx
I'm not sure if the 20wma will provide resistance. If I had taken it, I would take at least some off, especially if in near dated options.
Reply
KLang PRO AlphaxRx
Also...if it wants to put in an IHS - this would be an idea place for a neckline touch.
Reply
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out