timwest
Short

Las Vegas Sands - LVS - Daily - Rebound from oversold SELL

NYSE:LVS   LAS VEGAS SANDS CORP
277 6 3
CCI is back up to 0 and is a decent place to initiate shorts.

Big head & shouders top pattern signaling a change in trend from up to down.

Unfilled gap down below near the $60 projection going out to summer.

Cover when CCI reaches close to -200 (perhaps -190).

78 is key resistance. Use stops 3 ATR's above your entry and definitely beyond key resistance at 78. 75.97 last.

Targeting 70-68 initially.
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timwest PRO
2 years ago
Macau disappointed with weaker than expected gaming revenue growth of 9% today versus expectations of 15% growth. LVS is down along with WYNN. 74.69 -2.74 last (-3.55%) Still targeting lower prices. 6/3/2014 11:24AM EST
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timwest PRO
2 years ago
LVS chart at the moment
snapshot
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timwest PRO
2 years ago
71.50 low today... decent level to cover 1/2 for the short term and short again on a bounce up to $73-$74
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timwest PRO timwest
2 years ago
LVS lifted to 73+ yesterday and hit a lower low under 71.50 today
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mdbutz timwest
2 years ago
Please add a comment… Positive feedback and constructive criticism are important to authors and the community.
Hi,
What do you think will be? I am into short position. LVS will go up or down?
Thanks.
Michael
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timwest PRO mdbutz
2 years ago
Sorry I didn't get your message until now - This has been a great move down in LVS. Hope you hung in there for the ride down.
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