The down trend that started last year looks to be over for Live nation Entertainment NYSE:LYV the weekly chart shows a break of the down trend and a close above the all three moving averages. Now we just need to see it close above all three moving averages.
Live Nation Entertainment
Short Term - We look to Sell at 90.13 (stop at 93.80)
The medium term bias remains bearish. A bearish Head and Shoulders is forming. The measured move target is 81.00. Further downside is expected although we prefer to sell into rallies close to the 91.00 level.
Our profit targets will be 81.20 and 79.00
Resistance: 93.00 /...
We should get a nice push to $123 and see some nice gains. Well above both the 21MA and the 200EMA and with the volume divergence shows the bulls still have control and should push through. RSI will easily push well into the overbought zone on news of Walmart being added to the executive board.
THIS IS NOT FINANCIAL ADVICE! THESE ARE ONLY MY PERSONAL THOUGHTS AND...
Currently in an uptrend.
Doji with increased volume on both a horizontal + trend line support.
Good to enter tomorrow at market open. If it gaps, anything less than 1% should still be fine.
Target profit 1 at $90, giving us about R/R 3
Target profit 2 at $92.50.
Stop loss at about $78.50
Disclaimer: I'm not giving any trading and investing advice. I'm just...
📍 The best move, since the highs are defended from the earlier developments is not really to get into the heart of the issue. Rather we need to discuss the configuration and how to build the trade around the freefall.
LYV (Live Nation Entertainment, Inc.) is particularly exposed to pockets of further lockdowns which we are already starting to see in some states....
Breakdown of $LYV Live Nation Trading With Options
Estimated Play Time:
- Trade 1: 4 Days
- Trade 2: 18-22 Days
Trade 1:
- LYV $45 Put 7/17 @ $350 per contract, looking to flip the premium. Most likely won't hit in the money, don't be greedy.
Trade 2:
-Buying the breakout: This massive wedge should result in a overall move to $55 within the next month...
Not a single concert in sight, but Live Nation is about to close a deal within a week that should secure them around $1.2 Billion to stay afloat for the time being. The 6.5% senior secured notes will be used for general corporate purposes and will be due in 2027. (Their previous loans are first due in 2023). Since March 12, concert revenues dropped 24.6% in the...
