CAESARS entertainment has been on our radar for a while now. Recent activity in the options market has signals significant gains are ahead. The dawning of sports betting and rumors regarding activist investors interest in selling the company to a competitor has also brought investors back to the stock. It is approaching a apex on the chart we think it breaks up.
Good long opportunity, I hope you saw it.
BUy the dips, sell the ralley. Thats the smart money...
suckers chase the crowd up the mountain.. and exit the boat as its going down the waterfall.
PT1: 7.4, 11% below current SP
shares short increased ≈12% to 24.4% from first half FEB.
PT1 @ 7.4 is retrace to 38% Fib
If price crosses below 7.47 PT2 is @ 6.85 (≈18% below current SP)
The Caesar seems to be doing it well, but for how long? There's still a gap to play with.
Learn how to beat the market as Professional Trader with an ex-insider!
Next one on June 4th, Book your seat, just 25 available.
Have a Nice Trading Week!
Cream Live Trading, Best Regards!
RSI is -10 compared to the last bounce. The share has witnessed an identical 1.60 lowering of price since the last bounce. 13.6 resistance recently broken. A repeat bounce of 1.78% would bring it to this resistance again.
CZR price created a rising triangle and consolidated under 13.5
this week price broke above 13.5 level on high volume with strong momentum for 2 days
now price looking to retest 13.5 area
im going long here at 13.8
a few abstractions on the way but i think 15.5 is coming
This website uses cookies to ensure you get the best experience on our website. To learn more about cookies, including how to control cookies, please read our Cookies Policy.
CZR
