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.
Comments
paulwollc5
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Gets to 34 I will probably just buy a 2X normal position given LVS growth rate and fact any fine would be temporary and IMHO not that significant as these fines haven't been that large in scheme of things.