SPHR LongMaybe I am adding it a bit before it's fully formed, used 4h for confirmation, decent chance for continuation after the last upswing, coming close to resistance could lead to a breakout too but not playing for that.
SPHR trade ideas
🎤🌐 SPHR Analysis 🎇💼📈 Performance Overview:
Sphere Entertainment
SPHR
showcasing strong performance with the iconic "Sphere" in Las Vegas.
Average of over $1 million in daily ticket sales in October, surpassing analyst expectations.
💡 Key Developments:
CEO James Dolan reports robust revenue generation.
Advertisers utilizing exterior digital displays of the Sphere, creating an additional revenue stream.
📊 Market Sentiment:
Positive performance raises the possibility of the Sphere being a profitable entity on its own.
📈 Trade Outlook:
Bullish Sentiment: Suggested entry above the $30.00-$31.00 range.
Upside Target: Set in the $45.00-$46.00 range.
🚨 Note: Market conditions may influence outcomes.
Entertainment on the rise! 🎤🌟 #SPHR #StockAnalysis #EntertainmentIndustry 🚀💼
SPHR LONG - OCT- SPX Broad market momentum continues to look green
- SPHR M15 was in a compression zone near the 100EMA line
- SPHR D1 also showed a recent bounce from the 100EMA (3 Days ago, 13 Oct)
- This means that if I am wrong, my risk is only 2.92%, but if I am right I have 15% upside
