I found this pattern at tickeron website with the following data:
STATUS = Confirmed
CURRENT CONFIDENCE = 82%
TARGET (EXIT) PRICE = 66.92 USD
BREAKOUT (ENTRY) PRICE = 55.37 USD
DISTANCE TO TARGET PRICE = 23.83%
EMERGED ON = Sep 14, 12:00 PM (EDT)
CONFIRMED ON = Sep 14, 03:56 PM (EDT)
WITH CONFIDENCE LEVEL = 99%
Once the price breaks out from the top pattern...
Currently working on small coding project. An algorithm that filters stocks from the TSX, TSX Ventures and CSE who’s price closes below the lower Bollinger band (80). I’ve been reading some of the work from Matt at Trader University and he calls it the rubber band stocks. Even though the purpose of this project is merely recreational, it got me thinking of a few...
Through this selloff, we've been waiting and looking for long-term positions that we can buy and forget. $ERI is one such stock.
$ERI has been hit with the rest of the casino sector, but has been hurt the most along with its merger partner $CZR. The combination of the two casino operators is scheduled to close during the first half of this year, although the huge...
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.
RIG (30/54) announces on Monday after market close; CRON (18/98), Tuesday before market open; and CZR (45/58) and IQ (22/64) on Thursday after market close.
Given its size (8.93/share as of Friday close), only a short straddle makes sense for a nondirectional play. Unfortunately, the March 9 only pays .96, making a 25% max take profit a...
The Caesar seems to be doing it well, but for how long? There's still a gap to play with.
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CZR expected to open in the mid 16.30's which is close to resistance. Expecting an early bearish move before bullish break. Make sure you have a good reward risk ratio. If it gets above 16.50 could take off.