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...
$lyv been getting on my nerves. super overvalued. it's at $46 even with nobody going to concerts. I have no idea what is propping it up but IMO feel like fundamentally this stock should be bleeding out just like the airlines/retail stocks but somehow it's comfortably a float.... until now. saw a head and shoulders pattern, it broke a pretty strong support at $48...
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...
Look, we're not going to be having arena concerts until next summer if we're fortunate.
The fact is revenue will decline sharply in the coming weeks, and this stock will follow suit. Over the next month, the graph may range and drop, then range before dropping again, so now is the time to short this bear swing and follow it all the way down to 2014...
LIVE NATION KAGI CHARTS -- POSITIVE moves!
Seems to have created a bottom for its stock from the charts... IN THE TRADITIONAL KAGI PATTERNS,
IMO
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Disclaimer:
Always do your own due diligence, full research, and homework, and consult with your own licensed investment professional before any investments. Any comments and...
LIVE Nation - LINE charting --- needs to get to $48 and above --- to sustain the pattern UPWARDS. from what I see.
IN MY OPINION.
$53.00 TARGET for now..... hopefully...if it can sustain the pattern...
Based on 6 analysts offering 12 month price targets for Live Nation Entertainment in the last 3 months.
The average price target is $53.00 with a high forecast...
During this stretch spending a lot of time at home, reflecting on many things, and looking for entertainment. Live nation is the worlds top provider of entertainment. When stadiums and venues can hold events, people will fill them looking for entertainment. A great investment for the long haul!
Live Nation Entertainment {LYV}
Chart:
The price has rebounded to the 50% fib retracement which also aligns with historical support/resistance areas.
Fundamentals:
Live entertainment will be one of the hardest hit areas form the COVID19 pandemic.
Short Target: >$28
Bullish upgrades and insider buying in recent days
Alert set for break above $66.
Average analysts price target $77 \ Overweight.
7.45% short interest.
INSIDER BUY
Kahan James Director bought $276,000 of shares on Nov 8th.
TODAYS UPGRADE
Live Nation upgraded to Outperform from In Line at Evercore ISI. As previously reported, Evercore ISI analyst David Joyce...
LOOKED LIKE A BREAKOUT WAS ON THE CARDS BUT THE DECLINE IN VOLUME HAS NOW SET UP A FAILURE, THE PRICE IS ALMOST AT THE AVERAGE ANALYSTS PRICE TARGET SO REVISIONS WILL BE NECESSARY, UPGRADES WOULD BE THE STIMULUS NEEDED TO BREAKOUT RATHER THAN CONSOLIDATE TO THE $63 UPTREND LEVEL. ALERTS ARE SET FOR BOTH OUTCOMES.
AVERAGE ANALYSTS ESTIMATE $69.89
AVERAGE ANALYSTS...
LYV seems a nice inverted fallen angel setup. Also seems breaking down from an upward channel setup. It has strong downside momentum and crossed below its moving average. We think it has strong downside potential from current level.
Entry $49.33 on 8/8 at 11:15
Not convinced price has fully corrected, but it's a decent 2R trade setup.
I can see price going beneath $48.50 low. Triggering a bear trap or price pushes lower.
LYV seems breaking down from a H&S formation. It has a lot of insider selling in very big %. Money flow deep into the negative side. We think it has strong downside potential.
* Trade Criteria *
Date First Found- March 23, 2018
Pattern/Why- H&S formation
Entry Criteria- $40.93
Exit Criteria- $35.23
Stop Loss Criteria- $43.07
Indicator Notes- Twiggs money...
