$LVS Falling wedge into long term support from June '17 high. Expecting $66.25 to hold as support today and subsequent bounce off this level in the near term.
Medium term target - gap fill at $75.00
Note: Informational analysis, not investment advice.
I think LVS will pull back to the 74 level in a week or 2. It has fallen for the last few days on more than average volume.
Also the Sector is looking weak on NO news. so why are the big guys selling? I am not sure why and who is selling it but I don't like the chart.
LVS might be a good one to short. It has been falling on hug volume along with WYNN but not as much. If the sector doesn't turn around LVS might try to catch up with WYNN on to the downside. possible Collapse?
Follow the comments on the chart! If the price goes up to the size of the stop loss point, put the stop loss on the entry point, Stop loss means that the closing price must be below the Stop line, the shadows are not acceptable.NYSE:LVSSP:SPX
The Doji here on the weekly looks like the buying pressure is starting to weekend especially after the last 2 (bullish) weeks.
Would love to see a pull back to around 72.38 (or the 20 SMA on the daily) for a bullish swing trade!