LVS where next?LVS sold off and gap filled on Friday. interesting spot since we should in theory see demand buyers here and assuming market participates.
50.5 would be a better buy, but this isn't a bad area. I'd be cautious as earnings are just around the corner. There were some March LVS option sweeps that looked interesting
LVS trade ideas
Hold or fold? #stocksNot sure if it was the Adelson news but LVS is the biggest loser in my portfolio today and is approaching a key level that will determine my next move. I was playing for a breakout above the range (rectangle) above 56. The stock held the highs of the range for over a month but has now slipped back into the range and is approaching the line in the sand at 53. If the stock can stay above 53 then I will stay at the slot machine a little longer and hope for some better performance over the coming days and weeks. Below 53 will force me out and I will have to re-evaluate my next move.
Can Las Vegas Sands Climb a Wall of Worry?Las Vegas Sands jumped on November 9 when news of Pfizer’s vaccine hit. It’s consolidated since, and is now showing some potential signs of continuing higher.
The first pattern on LVS is its gap above the previous high around $56. The shares have held their ground above those old highs, suggesting it’s found support above old resistance.
Next is the higher low in the last three sessions. That’s resulted in a basing pattern above the old resistance.
Third, you have yesterday’s bullish outside day.
Finally, the 50-day simple moving average (SMA) recently rose through the 200-day SMA – a golden cross. (This chart also features our MA Speed custom script.)
LVS hasn’t shown much of a turn yet fundamentally, but there is a path toward improvement. First the U.S. vaccine. Then the potential for the Chinese New Year on February 12 to revive visits to Macau. Stocks in the position of LVS have the potential to “climb a wall of worry.” Some of the chart patterns cited here might suggest that the turn is coming.
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$LVS swing trade idea$LVS just broke up words out of a bull flag. look for the price to break above resistance at at $60.46 wait for the price to close above and make this support. for best results u want this to break and close above on at at least on the 1 hr time frame. the look for entry as close to support as possible with at stop loss at 1 ATR below this support. 1 ATR on the daily time frame. witch on this stock is $2 for best results this is why u want a stop as close to support as possible. the first profit goal would be at 69.66 and second longer term would be 1.618 fib ext at $73.42. if trend continues using the ATR to set a trailing stop should work well to stay in this up trend as long as possible. happy trading stay healthy and have a great holidays. trade safe make sure to proper risk management in your trading and be consistent this is a marathon not a sprint stay in the game and on your path for there is no two the same. what someone else will all ways do better just strive to do better than u did the day before be the best u that u can the rest is just noise.
[Long] LVSLas Vegas Sands has been in a bullish trend lately on China strength / reopening (Macau).
Interesting action where this level has held as support several times. IMO, can use this level as risk management.
Declining volume after the last peak suggests low selling pressure / successful consolidation.
LAS VEGAS SANDS CORP Title DailyHey people, LAS VEGAS SANDS CORP is in a bullish push with a trace of sellers and purchase volume made. In the TIMEFRAME M1 we see a form of doji bull with a large buying volume strong possibility of breaking the price to go to the next higher (See TIMEFRAME H4). Then if the buyers are really in the game, go to the next high, close the bearish breaking gap between resistance to pass (See TIMEFRAME H1). And finish on the Daily to test the intermediate median of ANDREWS PITCHFORK.
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$LVS Oversold Finding Support - Bullish Options Activity$LVS Oversold finding support in the mid-40s today - bullish hammer candlestick on the daily chart.
Monitor for confirmation green candle tomorrow - breaking through the $47.50 area will be key.
Bullish Options Activity:
19k $47.00 strike (OTM) Dec'20 calls traded today vs open interest of <1,500 (14x OI) for $8.5M in option premium
Near term price target: $53.50-$55.00 by late October
Note: This is NOT investment advice.
LVS Overview 13/09/2020Important week for LVS as it reached to the end of triangle pattern. From here we might go up to 56$ or going down again to 49.5$. It's all depend on the market direction.
Triggers for trades:
Long:
Buy > 53$ AND volume over average volume (6M)
Target 56$
stop 52.5$
Short:
Sell < 51.5$
Target 49.5$
stop 52$
Be careful and have a nice week!
ABC Bullish Symmetrical Triangle Small Rising WedgeBeware of small rising wedge that developed recently.
Possible Long entry at 45.15. Entry level would clear bottom trendline of rising wedge which is bearish. ABC patterns are only valid when price closes above B/O level in a confirmed uptrend
Possible stop below 42.5
4.16% dividend yield
Not a recommendation
Is tourism related stocks making a comeback ?Read latest news here
If travel restrictions are slowly lifted off, this could spell a recovery for the casino market that largely depends on tourists for its revenue.
We are already receiving good news about Covid-19 vaccine development with many countries at the stage of test and trial before the final launch. The re-opening of the economies worldwide in various fashion is also key to re-test the Covid-19 virus with some countries like Japan , Australia and NZ suffered a respite.
Last weekend, I went out to the neighbouring mall and restaurants are packed, food courts are packed and the various cafes are equally packed. It seems like almost pre-Covid 19 days of fun and laughter with the mask wearing being a giveaway. I think people would rather be inconvenienced by wearing the masks than to stay cooped up at home all day long. As social beings, we need to interact and connect with people.
Even an introvert would need to get out from time to time to get some fresh air and feel alive and part of the world.
What's your experience like in your own country ? Please share in the comments below.
Symmetric TriangleAppears to have broken up for the triangle. Symmetric triangles can go either way.
There is also a descending triangle running along with the symmetric triangle. I suppose descending triangles can bust just like ascending triangles.
Pays a good dividend and is up on news today
Not a recommendation
$LVS excellent short opportunity- Consolidation in the form of a trading range at the bottom of a much bigger trading range which signifies a break downward.
- Approaching (or has approached) a major point of resistance in a much larger trend spanning 2 months that could push price lower.
- Recommendation: I believe a break downward will happen but the timing is difficult to say. I would recommend shorting at the current price of $44.20 with a take profit at the bottom of the trading range at $43 and a stop loss at $44.75. I would suggest exiting at around $43 if the possibility of a reversal occurs.