LVS has been forming a base pattern for the last 6 months and with RSI at 60 now, the odds of breaking above the neckline at 45.50 is looking good.
Looking to long if it breaks above 45.50. A strong volume breakup will be a good sign that the trend could be sustainable with intial target of around 56.50.
Initial stop loss @ 42.50.
Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is NOT a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Thank you.
Looking to long if it breaks above 45.50. A strong volume breakup will be a good sign that the trend could be sustainable with intial target of around 56.50.
Initial stop loss @ 42.50.
Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is NOT a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Thank you.