No doubt financial leverage is going to unwind. For Caesars, a private equity darling. That unwind is maybe the most painful I've seen. Loan facilities have call rights when stocks dip below certain levels, most likely, we've cleared those levels here.
The biggest PE firms with stakes are going to be looking for strategic opportunities here, but assuming they...
New uptrend started in June with ABCD pattern.
Expecting support near where gap/T1 and bottom of new upward channel meet.
From there, we make our way to the .5 fib level as long as fundamental analysis is green and the general market doesn't take a dive.
The Caesar seems to be doing it well, but for how long? There's still a gap to play with.
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