Technical Trade Setup: Las Vegas Sands (LVS)- The share has found support and rebounded off it's 200-day simple moving average.
- For conservative traders, a break of line A_B (channel resistance) triggers a buy/long (NB).
- Potential price path shown on daily chart.
Provisional Trade Levels:
Buy Range: $56.30-57.40
Stop-loss: $53.40
Target Range: $65-$67
Consensus Price Targets:
Yahoo Finance: $68.58
Koyfin: $67.90
Wall Street Journal: $68.39
LVS trade ideas
LVS bull put spreadSold the 55/54 put spread 8 dte for 20.5% ROI
Price into remnant demand behind 2 liquidity search spikes
Looks like a downward trending channel.
Spread is tucked at the distal side of next demand zone down which appears to be a higher timeframe zone.
Market is already making 2 strong bear moves down, so it'll have to keep extending to get the sold strike.
In theory the remaining demand zone at 57 plays enough defense to cause a small rally and get me over the finish line.
🎰 Las Vegas Sands : LVS - LONG, lets spin the roulette!!Hi mates is perfect setup for breakout of the big bullish flag NYSE:LVS
here is data for my trade:
------------------------Trade setup ---------------------------
Entry: 61.75
Stop Loss: 58.26
Profit target: 73.91
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Bullish Triangles Across Reopening StocksFrom Las Vegas Sands to Live Nation Entertainment and many other stocks, bullish triangles keep popping up in "reopening" plays.
Notice how LVS clawed to a new 52-week high above $66 in early March, stalled and then pulled back to previous highs around $60. Also notice how it briefly tested under that level, along with its 50-day simple moving average (SMA), before quickly rebounding.
That price action now resembles an ascending triangle, with a series of higher lows and resistance around $61.25. This has the potential for upside continuation.
Similar activity appears LYV. The concert operator has also formed a set of higher lows while holding its 50-day SMA:
Hoteliers Hilton Worldwide and Marriott International have danced the same jig without even touching their 50-day SMAs:
Ditto for Norwegian Cruise Line , Royal Caribbean , MGM Resorts and Caesars Entertainment :
An ascending triangle also appeared in auto-parts supplier BorgWarner . It’s not exactly a reopening stock but it is the kind of cyclical value name that investors seem to like these days.
Overall these aren’t very glamorous stocks, but they are all showing similarly bullish patterns one quarter into the new year. Will they be the leaders in Q2?
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LVS up to 70 (pre-covid levels)Going up in pre-market, good TA patterns, volume divergence etc.
Put/Call Volume Ratio 0.12
Put/Call Open Interest Ratio 0.29
News:
Las Vegas Sands is selling the Venetian casino resort and Sands Expo and Convention Center for $6.25 billion.
In the two-part deal, VICI Properties will buy the property and all assets associated with the Venetian Resort Las Vegas and the Sands Expo for $4 billion. Apollo Global Management will acquire the operations of the Venetian for $2.25 billion.
LVS - Las Vegas SandsLVS
ENTRY = 48 - 50
Cost Avg Down = 42 - 43
1st Target = 53
2nd Target = 58
HODL Target = 65
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This content is for informational, educational and entertainment purposes only. This is not in any way, shape or form financial or trading advice.
Good luck, happy trading and stay chill,
2degreez
Las Vegas Sands earnings today at 4:05pmLas Vegas Sands earnings today at 4:05pm. My range is low $48, mid $53, high $58.
4th Quarter December 2020
Consensus =
EPS: ($0.30)
Revenue: $1.25 Billion
Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Small incremental steps work : If you double a penny a day for a month it = $5,368,709. Good luck and happy trading friends...
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Price action, entry/exit
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Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
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+5% portfolio trades, risk management
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Emotions & Opinions
FOMO : bad timing
Lack of planning & discipline
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Reading books, playing chess
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pi RSI - trend momentum
TTC - trend channel
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