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.
TRADING LEVELS:
Entry: $56.35
Target: $68.40
Stop-loss: $46.75
TRADING LEVELS:
Entry: $56.35
Target: $68.40
Stop-loss: $46.75