$MLCO is trading at trendline support and is a good play for investors in the gaming sector. Macau is open and will bounce back quicker than Vegas. $MLCO has no exposure to Vegas as its properties are in Macau and the Philippines.
The company is also not overly leveraged and trades at 2.45x book and 4.6x cash.
Melco Resorts & Entertainment Limited, through its...
Melco Resorts & Entertainment Ltd. (NYSE: MLCO)
tradingforaliving: "Jeden z największych operatorów kasyn i hoteli w chińskim hazardowym eldorado, czyli w Makao, które jest azjatyckim odpowiednikiem Las Vegas. Firma pochodzi z Hongkongu, zatrudnia ponad dwadzieścia jeden tysięcy osób i prawie 90% zysku generuje poprzez hotele i kasyna działające w Makao, a...
$MLCO Melco Resorts - forming a bullish hammer candlestick on the weekly chart. Another gaming stock possibly finding a bottom at a long term support level ($16.00) with RSI in oversold territory. Earnings expected early November - assuming a positive report, targeting $24 by January-February.
Note: Informational analysis, not investment advice.
Theres a lot to like in this chart, first to note was the hammer posted tagging the 50dma on the third consecutive down day also came after a breakout and a dip back to breakout point. Some pattern play with falling wedge back into support which also looks like a swing trap. But all that said its the volume that got me interested on that third down day which can...
This idea is very different than other ideas I share in the past because this is not a double bottom in progress. This is a running trend that is making higher highs and higher lows in a very recognizable way. But as the stock goes up, the price too, and is becoming more expensive in tandem with the PE Ratio. In cases like this the idea or concept behind this is...
