CZR: Major Trendline Break Signals Further DownsideThe stock has now broken below long-term trendline support on the multi-year chart. That level now flips to resistance, with the breakdown under horizontal support reinforcing the bearish structure.
With broader market weakness, I'm anticipating lower levels ahead, potentially into the teens if momentum continues. Watching closely.
C2ZR34 trade ideas
CZR - Dec 24 Opening Sustainable Momentum
Grading B 6 points
No idea, it is a pure technical play +1
Greater force - There is alignment with RUT +2
Technicals - Below H1 100SMA, H1 downwards consolidation, H1 rejection above 100SMA(H1) +3
Opening Sustainable Momentum 🧑🏻🚀
Strategy
Signals identify market opening H1 candles through momentum and behaviour change that potentially could indicate a shift in the current price overall structure (Price gaps and ADR %).
Risk
We use the signal candle's highs and lows for entry and stop loss. If price hits the stop loss, it is clear that the shift we expected did not come to fruitation.
Current SL is at 0.25Fib
Focus
Focus is never on the signal candle alone, but it's role in the larger structure and the direction it is inclined towards with a minimum Risk & Reward of 2R.
Stock must be in a pull back or consolidation area waiting for a broad market momentum to ignite it forward.
Character
Trend, Positive Skew
Swing Trade Idea for Oct 13th, 2024 - Caesars Entertainment, IncCaesars Entertainment, Inc. (CZR) is approaching a key resistance level at $45 after a strong upward move. The price is currently in a mini consolidation phase just below this resistance, which, if broken, could trigger a new wave of bullish momentum. This setup indicates potential for a breakout, with increased volume likely confirming the strength of the move. The next upside targets lie in the $46-48 range, with the possibility of an extended rally if the resistance is cleared. Traders should keep a close watch on the price action near $45 and look for signs of a breakout, which could signal further gains in the coming sessions.
CZR Caesars Entertainment Options Ahead of EarningsIf you haven`t bought CZR before the previous earnings:
Then analyzing the options chain and the chart patterns of CZR Caesars Entertainment prior to the earnings report this week,
I would consider purchasing the 40usd strike price Calls with
an expiration date of 2024-6-21,
for a premium of approximately $1.35.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
CZR - Short into Long IdeaAfter the break and back-test of 39.20, staying Short below this level into the 0.786 retracement of 6.96 -> 120.00 . Looking to close the short, and open into a Long if successful, also at the 0.786 retracement.
In the event of a Stop Loss Trigger, the 0.886 retracement will be looked at as an area of entry with good variables.
CZR Caesars Entertainment Options Ahead of EarningsIf you haven`t bought the dip on CZR:
Then analyzing the options chain and the chart patterns of CZR Caesars Entertainment prior to the earnings report this week,
I would consider purchasing the 40usd strike price in the money Calls with
an expiration date of 2024-3-15,
for a premium of approximately $3.75.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
CZR Caesars Entertainment Options Ahead of EarningsAnalyzing the options chain and the chart patterns of CZR Caesars Entertainment prior to the earnings report this week,
I would consider purchasing the 39usd strike price Calls with
an expiration date of 2023-11-17,
for a premium of approximately $2.57.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
CZR long at the supportCZR looks bearish again.
The price created lower highs which is a sign of the distribution and we've already seen a bearish breakdown.
No edge on CZR yet even though RSI is oversold. We may see a small bounce but the level which we consider as an entry for a long position is 40,30 $.
Target: 49 -50 $
Stop loss: 39,89
Do you agree?
CZR Caesars Entertainment Options Ahead of EarningsAnalyzing the options chain and the chart patterns of CZR Caesars Entertainment prior to the earnings report this week,
I would consider purchasing the 58usd strike price at the money Calls with
an expiration date of 2023-8-4,
for a premium of approximately $1.86.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
CZR WCA - Rectangle PatternCompany: Caesars Entertainment Inc.
Ticker: CZR
Exchange: NASDAQ
Sector: Consumer Cyclical
Introduction:
In this analysis, we're looking at Caesars Entertainment Inc. (CZR) on the NASDAQ. The weekly chart is showing signs of a potential bullish reversal following a prior downward trend.
Previous Trend and Reversal Pattern:
The previous trend for CZR was downward, as indicated by the diagonal blue dashed resistance line. This downtrend appears to have been interrupted by a consolidation phase that initially took the shape of an inverted head and shoulders pattern. However, this pattern did not result in a successful breakout and subsequently morphed into a Rectangle pattern.
Rectangle Pattern and EMA:
The Rectangle pattern, in this case, is acting as a reversal pattern and has been forming over the past 250 days. The upper boundary of the rectangle is at 55.16 and has been touched thrice, while the lower boundary is at 40.22 with two touchpoints.
The 200-day exponential moving average (EMA) is near the upper horizontal boundary resistance, which underscores the significance of this price level.
Analysis and Conclusion:
Currently, it seems that the ongoing weekly candle might close above both the 200 EMA and the horizontal resistance at 55.16. If this holds true until the close of the candle, a long entry might be appealing. The resulting price target in such a scenario would be 70.11, which equates to a rise of 27.07%.
Please note that this analysis should be part of your overall market research and risk management strategy and is not direct trading advice.
If you found this analysis helpful, consider liking, sharing, and following for more insights. Best of luck with your trading!
Best regards,
Karim subhieh
Disclaimer: This analysis is not financial advice and is meant for educational purposes only. Always conduct your own research and consult with a financial advisor before making investment decisions.
CZRConsidering the weekly chart (medium term time frame), CZR appears to be in the process of developing an ascending triangle formation. Clearing the overhead resistance at $57 paves the way for a gap close at 59.30 and potentially a move to $64, followed by $67. The momentum indicators also support a bullish structure with both the 7 and 14-week RSI's emerging from multi-month bases. The las close was $56.35 while at the time of writing the pre-market price is $57.15. Note that the share could retrace slightly before fully emerging from it's base. Caesars Entertainment, Inc. engages in the management of casinos and resorts. Time stop: 19 October 2023.
TRADING LEVELS:
Entry: $56.35
Target: $68.40
Stop-loss: $46.75
$CZR Breakout #LongTrading is simple. so don’t make it complicated.
everything is on the chart.
around 18% for first target and 42% for second target.
the most important :
1.In the breakout we would like to see a high trading volume
2. Retest maybe will come few days or a week after the breakout, don’t let it shake you out.
3. If breakout fails with huge volume - get out with small lose!
4. Be patient.
Is Caesars Trying to Follow Airlines and Cruise Ships Higher?Travel stocks have climbed recently, and now Caesars Entertainment could be showing signs of strength.
The first pattern on today’s chart is the falling trendline along the highs of February, March and mid-June. The casino operator pushed above it at the end of the last quarter and returned there on Monday. Further upside from here could make traders think resistance is fading.
Bollinger Band width has also tightened, which may create the potential for price expansion.
Next, the 50-day simple moving average (SMA) just had a “golden cross” above the 200-day SMA. Is the longer-term trend turning bullish?
Finally, CZR dipped below $32 in October but then held $40 in late December and early June. That could also suggest that a bottom is in place.
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CZR: Ride Long TradeI entered a long trade on CZR as it was reported that Nevada Casinos had a record 18% gaming win growth in January and Macau gaming revenue rose 33% in February.
Price had also crossed the resistance line of 51 and if it goes well should continue it's move up the range to 56.42
Whats The Plan/Trade/Thought
We have to adopt a Range market stance. When markets are going up with optimism , we will peg categories with strong fundamentals and a growth story as that will be where money will flow into.
Also if sentiment turns to fear, these strong categories with a growth story should be able to weather the fear sentiment better than most.
This hypothesis is tied to US companies that has a China opening growth story with a focus on service. Hence the Casino & Resorts category
Can You Trade The Opposite Side (Y/N)
No
Links
seekingalpha.com
seekingalpha.com
CZR Bullish inclined naked calls 17 Mar expiryWhats The Plan/Trade/Thought
We have to adopt a Range market stance. When markets are going up with optimism, we will peg categories with strong fundamentals and a growth story as that will be where money will flow into.
Also if sentiment turns to fear, these strong categories with a growth story should be able to weather the fear sentiment better than most.
This hypothesis is tied to US companies that has a China opening growth story with a focus on service. Hence the Casino & Resorts category
Can You Trade The Opposite Side (Y/N)
No
Trade Specs
Sold 200 Calls @ 0.35
Strike 45
12.28% to Strike
BP Used: 100k
Max Gain: 7000