NASDAQ:MLCO   MELCO RESORTS AND ENTERTAINMENT LTD
MLCO has been trading very emotionally during COVID 19 and has bounced between support and resistance nicely. As we approach potential for vaccine and retail preforms this company could continue to post higher revenues as it recovers from Covid-19. After the earnings beat the stock jumped and saw prompt selling and price has pushed back down to the Gap/Imbalance from Sept. 13. My personal belief is that buyers are creating liquidity for a strong move. Considering the bounce in Airlines and Cruisers, there is a fair chance that MLCO holds support and tries for some of the unaccounted for areas from February once election uncertainty is cleared up. My target price for MLCO is 20.56 by Febuary 1 2021

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