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LVS is full of DistributionLas Vegas Sands is experimenting distribution. The target for LVS is 38.15 - 37.49. The upside levels area 39.98, 40.66, and 41.33. The downside is 38.81, 38.15, and 37.49. We can speculate why the stock ran up today, but at the end of the day I don't care. I care about the price action of 'how the market is reacting' in order to take advantage of what opportunities the market is providing. In this environment I'm looking for a potential re-test to the upside levels and turning those into short term positions.
NYSE:LVSShort
by bsdvs23
We have faith in LVS to make up big groundBased on historical movement, the trough could occur anywhere in the larger red box. The final targets are in the green boxes. The pending top should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated BUY on March 2, 2022 with a closing price of 44.4. If this instance is successful, that means the stock should rise to at least 44.86 which is the bottom of the larger green box. Three-quarters of all successful signals have the stock rise 5.912% from the signal closing price. This percentage is the bottom of the smaller green box. Half of all successful signals have the stock rise 11.262% which is the end point of the black dotted arrow. One-quarter of all successful signals have the stock rise 21.391% from the signal closing price which is the top of the smaller green box. The maximum rise on record would see a move to the top of the larger green box. These are the same concepts for the levels in the red boxes as well. The ends/vertical sides of the boxes are determined in a similar fashion. The peak of the rise can occur as soon as the next trading bar after signal close, while the max rise occurs within the limit of study at 35 trading bars after the signal. A 1% rise must occur over the next 35 trading bars in order to be considered a success. Three-quarters of successful movement occur after at least 10 trading bars; half occur within 20 trading bars, and one-quarter require at least 31 trading bars. The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement. As always, the stock could decline the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never decline (and the green boxes may never come into play).
NYSE:LVSLong
by StockSignaler
PENN Return the casinos and bets and the title could go upThe policy of cohabitation with the covid has allowed betting rooms and casino reopening, The Americans therefore want to gamble. Return also the investors on the Stock, it seems there is a consistent increase of the positions LONG from the professional investors while the Institutional ones constantly reduce their positions SHORT in view of a passage LONG possible in the next weeks. The title has certainly suffered much the blow of this last wave and the previous positions but seems projected to rise. It will really go up ? We’ll see it in the next few weeks What do you think?
NASDAQ:PENNLong
by MarketMiracleAdvisor
1
MGM long off 50 ma. Breaking DECADE long resistance hereSo I want to sell my house and put it all into MGM. We are breaking MULTI-DECADE resistance here! On the monthly chart, we haven't seen these levels since 2008. On a weekly chart, we broke over major resistance last month and have continued higher. Just off our relative highs, we didn't quite make it to the 1.618 extension. This pullback to the 50 ma and touch of the trendline from the summer into fall following earnings is an opportunity to get in long to take it up to $56. That being said, I need to practice prudence because on the daily, we can see that we are hovering just below resistance. I really want to see a daily closure over $46 today. The only thing that I am noting is that on the daily, we are close to having the 100 and 200 sma's catching up and perhaps we want to retest? The 100 sma happens to be sitting right at the halfback off of this latest fib extension impulse wave drawn. I am long as of this afternoon with a stop under yesterdays low. If we break below that, I will anticipate touching the 100/200 smas, but at least the 100 sma and would like to try to get long again there pending price action. Also have an alert set for the 100 sma now as I would like to get more of this in my retirement. I grabbed some in spring 2020, but would like to add to that long-term hold. **MGM long** Entry: $45.95 Stop: $45.45 1st target for 25%: $48 2nd target: $57
NYSE:MGMLong
by nurseblood
BUY PENN around the $70-75 range for a move up to $105!Penn National Gaming, Inc. is an American operator of casinos and racetracks, based in Wyomissing, Pennsylvania. It operates 44 facilities in the United States and Canada, many of them under the Hollywood Casino brand. The company also controls a 36% stake in Barstool Sports. With the US consumers sitting on over $5.4 trillion of additional savings as a result of the COVID-19 pandemic we believe that Penn National Gaming will benefit from the large consumer spending spree that we expect to sweep the US in the second half of 2021. In addition to that, people who like to bet on various sporting or racing events were severely limited in terms of betting options throughout the last 12-16 months. With things slowly but surely going back to normal despite the new highly contagious Delta variant, we believe that Penn National Gaming is uniquely positioned and will likely see strong revenue and earnings numbers in Q3 and Q4. Last but not least, let's not forget that Barstool Sports is basically a digital content producing company focused exclusively on sports. Thus, with the return of the NFL pre-season starting in August and the actual season in September, Barstool will be a strong driving force for Penn National Gaming's stock moving forward. Lastly, we should also point out that Barstool Sports launched the Barstool Sportsbook back in September, 2020 which is basically a betting app, and handled over $11 million in wagers during its first week of operations! It definitely seems that the stars are aligning almost perfectly for PENN and as a result of that we believe that the stock will be trading above the $100 mark by mid-September latest. From a technical standpoint the chart also shows the presence of a strong bullish interest around the $70 level. All major daily indicators including the Stochastics, RSI, MACD and Bollinger Bands are also pointing to a strong reversal in play. Our targets for the 8-10 weeks will be $105 and $120 respectively. Good luck guys and remember to always do your own research as well!
NASDAQ:PENNLong
by DowExperts
FXCM's CASINO Basket Hourly Stochastic Nearing Momentum PushFXCM's CASINO basket is in the bullish area on the daily chart on the left. The hourly EMAs and stochastic are in bullish mode and potentially align short-term traders with the daily. A movement of stochastic to 80 level and maintenance of that level (blue arrow) increase the chance of a successful trade. Trend following indicators may be useful in this case as a potential exit tool. Stop under hourly support in conjunction with risk management techniques.
FX:CASINOSLong
by FXCM
2
MGM ✅ Why Go To Vegas When You Can Speculate On MGM From Home!💬 MGM International Resorts (MGM) is rolling out its new 'Viva Las Office' campaign to get people to work from Vegas. That could help drive business to MGM properties, which could be why the market is showing us some bullish options flow and decent price action. While we are skeptical this single event makes a giant impact, we think all these factors together (along with the recent earnings beat) are enough for a conservative swing play. Let's see if we can find a setup that works. Hit that 👍 button to show support for the content! Help the community grow by giving us a follow 🐣 ----- Support: S1: Our entry is going to be off the minor price pivot point, a current S/R flip, and previous orderblock cluster range. The logic is that we retest this level before moving up. Meanwhile, we are placing our stop below the S/R flip to give us a solid 1:5 Risk-to-Reward that keeps us well away from any short term downside volatility that might be seen as the price is finding support. Resistance: R1: Our target is the orderblock at the previous swing high as highlighted on the chart. ----- Summary: We have a pretty straightforward setup here. Retest the S/R filp, and then go long until the next resistance level is hit while keeping a comfortably placed stop well below support to mitigate risk... its a gamble with good odds, and we didn't even have to leave the office to do it. Resources: finance.yahoo.com www.marketbeat.com ✨ Drop a comment asking for an update, we do NEW setups every day! ✨
NYSE:MGM
by AlphaBotSystem
Sell Short: Golden Entertainment - Resorts CasinosSell Short: Golden Entertainment Inc - Ticker: GDEN - Sector: Consumer Cyclical Industry: Resorts & Casinos Go to the Invest2Success Advisory Page and Also for USA Asia Financial Forecasts Sell Entry: 11.33 to 8.30 Stop-Loss: Available to Subscribers Take Profit Price Targets: Available to Subscribers NASDAQ:GDEN NYSE:BYD NASDAQ:CNTY NASDAQ:ERI NASDAQ:FLL NYSE:MGM NASDAQ:WYNN $GDEN #GoldenEntertainment $BYD #BoydGaming $CNTY #CenturyCasinos $ERI #EldoradoResorts $FLL #FullHouseResorts $MGM #MGMResorts $WYNN #WynnResorts #casinos #resorts #gambling #stocks #stockmarket #wallstreet #nyse #sp500 #nasdaq #investing #investors #trading #traders #markets #speculating #economy #finance
NASDAQ:GDENShort
by Reyes808
$GAN can rise in the next daysContextual immersion trading strategy idea. GAN Limited provides enterprise Software-as-a-Service solutions for online casino gaming and online sports betting applications. The share price rose after good earnings. I see some preconditions the share price will continue growing. The demand for shares of the company still looks higher than the supply. These and other conditions can cause a rise in the share price in the next days. So I opened a long position from $23,30; stop-loss — $20,05. Information about take-profits will be later. Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision. Always do your own analysis before making deals. When you use any materials, do not rely on blind trust. You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy. If you like my content, you can subscribe to the news and receive my fresh ideas. Thanks for being with me!
NASDAQ:GANLong
by KozakHlib
CZR was a top quarterly gainer. Expect an Uptrend continuationA buy signal is generated. I analyzed 20 stocks in the Casinos/Gaming Industry over the last three months and discovered that 19 of them (94.12%) charted an Uptrend while 1 of them (5.88%) trended down. I found 306 similar cases when CZR's price jumped over 15% within three months. In 190 out of those 306 cases, CZR's price went up during the following month. Based on these historical data, I think the odds of an Uptrend continuation for CZR are 62%.
NASDAQ:CZRLong
by tickeron
$GDEN can rise in the next daysContextual immersion trading strategy idea. Golden Entertainment, Inc., together with its subsidiaries, owns and operates a diversified entertainment platform in the United States. The share price rose after good earnings. I see some preconditions the share price will continue growing. The demand for shares of the company still looks higher than the supply. These and other conditions can cause a rise in the share price in the next days. So I opened a long position from $11,36; stop-loss — $10,39. Information about take-profits will be later. Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision. Always do your own analysis before making deals. When you use any materials, do not rely on blind trust. You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy. If you like my content, you can subscribe to the news and receive my fresh ideas. Thanks for being with me!
NASDAQ:GDENLong
by KozakHlib
$CNTY can rise in the next daysContextual immersion trading strategy idea. Century Casinos, Inc. operates as a casino entertainment company worldwide. The share price rose after good earnings. I see some preconditions the share price will continue growing. The demand for shares of the company still looks higher than the supply. These and other conditions can cause a rise in the share price in the next days. So I opened a long position from $5,13; stop-loss — $4,80. Information about take-profits will be later. Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision. Always do your own analysis before making deals. When you use any materials, do not rely on blind trust. You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy. If you like my content, you can subscribe to the news and receive my fresh ideas. Thanks for being with me!
NASDAQ:CNTYLong
by KozakHlib
RRR Broke Out of Major Resistance on Short Squeeze & AMC RumorsCasino stocks are back. Red Rock Resorts is following the trend of all other Casinos. Swings are huge on this one. Golden cross coming as Casinos start reopening process. Casinos have already started implementing a lot of safety procedures for workers and patrons alike and workers are slowly being brought back. $RRR has a correlation with $AMC and $PLAY. Keep your eyes on other bear trap stocks like $GME yesterday at $4.17.
NASDAQ:RRRLong
by FleurdelisFX