NASDAQ:CZR   Caesars Entertainment, Inc.
Considering the weekly chart (medium term time frame), CZR appears to be in the process of developing an ascending triangle formation. Clearing the overhead resistance at $57 paves the way for a gap close at 59.30 and potentially a move to $64, followed by $67. The momentum indicators also support a bullish structure with both the 7 and 14-week RSI's emerging from multi-month bases. The las close was $56.35 while at the time of writing the pre-market price is $57.15. Note that the share could retrace slightly before fully emerging from it's base. Caesars Entertainment, Inc. engages in the management of casinos and resorts. Time stop: 19 October 2023.

Entry: $56.35
Target: $68.40
Stop-loss: $46.75

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.