LVS Holding up nice a buddy of mine pointed this out to me. It broke out from a descending triangle. Right now closely testing a MONsTeR resiatnce. If LVS breaks 45,10 and closes above it the resiatnce is slim to non. Def worth a trade if we can pop through that level and hold easy ride to 49 at least. Earnings on the 26th so dee be careful of that but watch closely
LVS trade ideas
LVS LongTrendline Break + revisit
At weekly Support Zone
10/20 earning, Gap Down
Entry 38.2
Stop 35
Target1 48
Target2 55
Risk management is much more important than a good entry point.
The max Risk of each plan should be less than 1% of an account.
I am not a PRO trader. I trade option to test my trading plan with small cost.
$LVS - close to the $41 trendline resistanceLVS has come close to backfilling the gap down it had a while back. The $41c 11/05 calls have been beautiful. I would expect a little resistance at the trendline but I also expect her to keep climbing into next year. LVS has been beaten down to no end and last time I checked, gamblers are very good at continuing to find ways to wager their money. Keep an eye out. I will post upside potential resistance points once she breaks. Always be aware of pull backs to the breakout line in these situations. If you are buying stock, no worries but short term calls can be painful if you do not get out on time. GLL!
Las Vegas Sands - likely breakdown aheadLVS is retesting its covid peak lows of March 2020 and at a 10 year support.
With China's tightening regulation on casino's, Las Vegas Sands looks in trouble as it has significant exposure to Macau. There's some clear relative weakness when compared to MGM, which has a much larger US portfolio of properties
LVS properties: www.sands.com
MGM properties: www.mgmresorts.com
MGM - monthly
LVS is a strong short candidate with 40-50% downside from here based on a measured breakdown.
$LVS Is Las Vegas Sands worth the Gamble?
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LONG LVS! BUY THE DIP! Earlier this year, Las Vegas Sands sold its Casinos on the Las Vegas Strip, meaning that they now have ZERO base in the United States. HOWEVER, with that being said, even when they had those properties, LVS has made a WHOPPING 80% of their revenue from their locations and operations in Singapore and Macau. These have not being doing well due to those places having heavy Covid-19 restrictions. With this being said, there will come a time that Corona Virus WILL pass, and that time is coming sooner then we believe. With operation warp-speed making inoculations available to practically everyone, this should be a key in the passing of this virus. When this happens, (keep in mind it WILL happen), places such as Singapore and Macau, (Las Vegas Sands MAIN places of operation), will see a RAPID re-opening, thus people will start heading out and about again, and where else but to the casino! (Macau is the worlds LARGEST casino hub) As it stands, LVS is roughly 40% down off of its 52 week high, and is actually the only member of the S&P500 with a loss of over 30% in 2021. With time, I truly believe this company can bounce back, and bounce back HARD, one reason being the end of Corona Virus, another being the fact that they are now trying to tap into the sports gambling industry, a 203 BILLION dollar industry, as well as the fast growing online gaming industry, a 160 BILLION dollar industry. I have bought in at $39.40, and I CANNOT wait to see what this bad boy does. As always, get long, buy the dip, and watch your money grow! This may be wrong, or it may be the buy of a lifetime, the choice is yours. If you DO decide to buy, do so at your OWN risk, as I am far from a professional :)