$LVS - Breaks LOG or Ascending Trendline Bearish scenario. $$

BATS:LVS   Las Vegas Sands Corp
$LVS in MASSIVE ascending triangle ... Personally think these last two candles on weekly are offering an opportunity to get in. This is a very bullish chart. One can wait to play the breakout over that line. Note $LVS is holding this ascending TL off low. Closed this week just above 50MA.

Recent Macau Year over Year numbers for February were up 11.5% showing consistent growth.

With new casinos and more growth and market share in Macau and part of duopoly in Singapore. With potential European Las Vegas in Spain. $LVS is very well positioned IMHO.

UPDATE: While the case is bullish I see some support at 44, 42,38,32. As break of log trendline is bad for couple weeks. March puts could be a winner if loses this trendline. There was also some news After I posted other chart that LVS had likely FCPA violations. Is this new or the same old known ones? Don't know but helps bearish scenario here.


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