MLCO: Bull Pennant Breakout Holding Strong! 8/10 Confluence Sign### 1. The Macro Picture: Bull Pennant Breakout
Looking at the 4-hour timeframe, **Melco Resorts & Entertainment Limited (MLCO)** has successfully broken out of a compressing **Bull Pennant ** consolidation structure. The price is currently **76 bars past the initial breakout point**, proving that
Compare with Melco Resorts & Entertainment Limited
0.60 USD
185.53 M USD
5.18 B USD
380.01 M
Next report date
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Company info
Sector
Industry
CEO
Yau Lung Ho
Website
Headquarters
Hong Kong
Founded
2004
IPO date
Jan 19, 2007
ISIN
US5854641009
CUSIP
585464100
FIGI
BBG000BHP8J4
Identifiers
ISIN US5854641009
Melco Resorts & Entertainment Ltd. engages in the management and development of casino gaming and entertainment resort facilities. It operates through the following segments: City of Dreams, Studio City, Altira Macau, Mocha and Other, City of Dreams Manila, City of Dreams Mediterranean & Other, Other Operations, and Corporate & Other. The company was founded by Yau Lung Ho in December 2004 and is headquartered in Hong Kong.
Rolling the Dice!Melco Resorts & Entertainment (MLCO) is gaining strong bullish momentum, with a gap forming around the $6.25 level. A breakout above the $8.90 resistance would confirm continued strength, positioning the stock to target the $10.81 monthly resistance. This trade offers an attractive risk-to-reward ra
Melco Resorts Holds the LowsMacau gambling giant Melco Resorts & Entertainment surged last winter as China reopened from coronavirus lockdowns. It’s consolidated since, and now some traders may see potential for more upside.
The first pattern on today’s chart is the December 7 close of $10.40. MLCO remained above that level o
$MLCO should show signal for the future longNASDAQ:MLCO achieved or almost achieved a bottom.
As per my observation and conclusions, it can go long, but firstly it should raise the flag, that it's ready to proceed wit hthis deal. What we have to see? Movinng to 19 during the next 3-4 months. This will mean, that it broke the descending li
Long Entry for MLCONASDAQ:MLCO
After we saw a high call volume in the last days and the stock is close to break out above 12 $. It can be also an interesting setup for option traders with a strangle or straddle position to profit for a breakout in both directions.
Melco announces the start of a new gaming concessio
$MLCO - Critical stage for bottoming processMLCO has been in down trend descending wedge (some people may take it as triangle) and just bounced off of 100% fib extension of $9.57.
The $9.57 is a very critical area for the stock. If $9.57 support fails, the stock can fall to $2.88 with little support in between.
For bullish traders, you would
MLCO Bullish SetupCasino 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 f
See all ideas
Summarizing what the indicators are suggesting.
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Neutral
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Neutral
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An aggregate view of professional's ratings.
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
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Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Maturity dateApr 17, 2032
Coupon7.63% (Fixed)
Maturity dateDec 4, 2029
Coupon5.38% (Fixed)
Maturity dateDec 4, 2029
Coupon5.38% (Fixed)
Maturity dateJul 21, 2028
Coupon5.75% (Fixed)
Maturity dateJul 17, 2027
Coupon5.63% (Fixed)
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