Caesars Entertainment has been in a long channel up trend since the start of the year.
Most recently, we have seen higher lows with steady highs. See them on the chart.
BUT- the channel had roughly the same highs. Just yesterday it broke through that channel on the high side, and I bought in. (Entry in blue)
My S/L is at the bottom of the recent gap...
Wynn Macau Ltd
HKG: 1128
Fundamentals:
Since 2018. Wynn Macau is one of the one casino in Macau to capture most of high-roller gambling activity, consistently leading Macau on the VIP drop. Galaxy and Wynn contributed to close to 45% to the VIP volume.
Why VIP Volume? Investors place heavier emphasis on main revenue driver, revenue numbers, which are mostly...
The main reason that cause Genting Singapore gapped down when open today is due to the increase of casino tax. Good news is government allows expansion of its business.
Suggest to look for opportunity to long
around 0.96 will be a good area to long
SL : 0.84
TP : Follow arrow
I've been following WYNN for a while and I use this as one of my recession indicators of the economy. I believe people are head above water high in credit debt and can no longer afford to gamble or visit the casino.
My prediction is a -6 to -8% drop before it does a dead cat bounce up.
This is an update from my previous idea a couple days ago (linked below). FunFair is continuing to tighten up into a bull flag. We are currently completing the second leg up and I expect will head back down to test the support area below. I expect FUN to break out around April 21st and make a 30% move up to the next area of resistance.
ive done my research. Parabolic movements go down 85-95% from ATH. BTC is likely to hit the 85% mark so that would be 3k usd. Which is very possible.
Looking at past examples of parabolic movements of BTC in 2014, 2011. BTC did have 85% retraction from ATH. The bull trap shown in the chart is there on every year Bitcoin has gone parabolic.
Good luck yall
Sorry team, I think I jumped on the FUN rocket at sub 300 sats. I don't think I posted it though!!!
Good news is we're now above all Daily SMA's. Short term fib level has just been crossed and held well. ATH fibs we are just under .236% (which I don't see as a problem). MACD on daily shows ranging (neither good nor bad). Everything else looks solid.
Like all my...
Text-book ellipse breakout with expanding volume, what a beauty! Huge upside potential, $PENN is looking wonderful too.
Yeah I said it....ellipse breakout!!
I really like to see the kind of wide agreement we are seeing in price action among the gaming stocks. I'm not yet willing to buy into this but am feeling a blast to the upside coming especially with the big inverted head and shoulders in motion.
LVS faded on Thursday, Gapped up on Friday above resistance but also faded (possible dead cat bounce).
Will watch this week to see if LVS retests resistance and pushes through or rolls over and heads lower.
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