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realchartchamp
Mar 28, 2024 4:47 AM

LYV – Bullish Breakout Above The White Resistance Zone 

Live Nation Entertainment, Inc.NYSE

Description

NYSE:LYV has been in a bullish uptrend since Feb 5, 2024 and is continuing to show some strength. I’m not interested in making a late entry here, but the key target is the previous $125.90 all time highs at the green trendline. I think LYV will eventually form a new all time high, but I’m not interested in taking a trade here. I would consider an entry within the white zone and preferably at or below the yellow support line. This yellow support line has presented the best buying opportunity, and I recently posted a similar setup for NKE. It took several months of patience for the NKE setup, I think it will take a while for LYV to present a setup as well.
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