Caesars Entertainment looks great.
We can see a higher low trajectory which shows an accummulation .
If the price breaks the resistance , it should fly.
MACD looks bullish. Increasing bars of positive momentum shows that bulls are in control now.
Enter the long position only when/ if the price breaks the resistance
Take profit and final target for this trade are...
Ascending Triangle formed after a bull run.
Tight Stop Loss - risky price action.
- Target Entry: $105.20
- Target Stop Loss: $103.44
- Target Exit: $123.55
- Risk / Reward Ratio: 10.43
About me
- Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as...
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...
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.
