The metaverse market as a whole has been down for the last 3 months as we plod through this crypto "winter" - though it's worth noting that Decentraland is slowly closing the gap to Sandbox after its surge last year. But one trend in particular here sticks out -- the emergence of Decentral Games ($DG) coin, which is a project that focuses on casino-style...
This stock has more than doubled since my first call:
and now the American Gaming Association estimates that $7.6 billion will be spent in wagers on this year`s Super Bowl!
That`s 78% higher than 2021.
The record breaking year could mean a record price for MGM stock as well, now that MGM Resorts International is seeking more international exposure as well.
Take a gamble on draftking's options? I'm considering it, after a good run on the draftkings app the other day. Looking from the chart, I'm liking an entry right at 19.59. I''ll be watching to see if it breaks my support line.
Current trend and past trends are all leading to a similar point (sometime in Feb), plus we had a nice little drop on earnings which could have put this stock on a really good path up to $100.
People love to gamble, and DK is spending a lot of advertising.
Will it get there?? I'm not sure, however.. It's not crazy to think DK and Penn start to run again this...
$GNOG Golden Nugget Online Gaming and $RSI Ruth Street Interactive have traded roughly in the same range year to date up until $DKNG DraftKings announced its acquisition of GNOG on August 9th. There is currently about a 20% difference between the two stocks. Rumors have circulated of a possible acquisition of RSI by Flutter Entertainment $PDYPF. Rumors aside...
WYNN is now approaching a VERY important level right now at the 50 fib line. Using the pandemic low as the anchor and this year's high, some important levels have begun to reveal themselves. Right now the 50 fib sits right around $90 (about $1 off Wednesday's level). With new Delta data coming out, people seem a bit skittish about travel and leisure. So where to...
CZR bounced off a year long up trendline + horizontal support with a long tail doji yesterday. Slight sell off today, thus presenting us a good time to buy in.
Target profit 1: Next immediate resistance at around $100 giving us about 2.8 R/R ratio.
Target profit 2: Next resistance at around $105 giving us about 4 R/R ratio.
If you trade options, 3 months out...
Casino season is here, it's time to focus on outdoor entertainment and casino stocks.
MLCO has a very bullish setup.
BlueWave is giving us a sold setup, will give Green Dot buy signal soon
Stochastic RSI is also Oversold
The current price is setting in a strong Support Area.
Maks sure to like and follow.
Vegas is having record highs of gambling revenue since May, The revenue will get higher this summer.
BlueWave gave green dot buy signal
Stochastic RSI is Oversold
The stock currently is on the support trend line.
A friend and I were discussing how this stock is stupidly overpriced.
Their debt to equity ratio is over 5, meaning they are LOADED with debt, and the fed just acknowledged that interest rates will rise if they need to.
Ummm...why would I drive to a casino when I can just buy calls/puts on robinhood or trade crypto on coinbase?...
I save money on gas,...
ENTRY = 53-55
Cost Avg Down = 48
1st Target = 58
2nd Target = 62
HODL Target = 68+
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