GDEN waiting- waiting for this downfall if it happens
- there seem to be a big rejection for going up
- no higher highs
GDEN trade ideas
GDEN long from VCPclearly visible VCP holding just above 50SMA. Price holding in very tight range. Break of top of the range will be a entry trigger.
$GDEN Box Long Setup$GDEN holding up pretty good when compared to the volatility casino stocks have had.
It failed a daily cup with handle breakout attempt few weeks ago and now settled into a box breakout setup
Watching this week
GDEN Long OppurtinityGDEN has bounced off a critical support line and has formed a bullish harami pattern. It also has very good volume making it have better liquidity.
Old school vs New school gambling1. GDEN
2. SLGG
3. BYD
4. CCIV
5. MGM
6. CZR
7. LVS
8. PENN
9. MLCO
10. DKNG
Cup and Handle Intra-YearLarge effective volume today with a pocket pivot in the last 10 days
I usually post a C&H pattern using the yearly high, but this is still a C&H pattern, just not a full year. Always important to me to look back to the long term monthly and weekly charts as I do not day trade unless I mess up. LOL
Effective Volume analyses the intraday volume on the minute level to determine what small and large players are doing in terms of accumulation and distribution. For using the indicator you should basically understand: if the red line goes up, large players are buying on average, if it goes down, they are selling.
Pocket Pivor: The price goes up compared to yesterdays close and
the volume today is higher than the maximum down volume of the past 10 days
I do not see any rising wedges in the yearly chart
There are previous highs/21.67 for the past year, 3 year high is 34.75 and all time high of 39.45
NV and OBV are high for this stock
Not a recommendation
On My Options List: GDEN and MARKRight now two stocks on my options trading list is GDEN and MARK. GDEN is a stock that I expect to gain some more support levels, and MARK is having reversals of lots of the bearishness done towards the stock. Right now, I'm confident enough given I see people doing some bids on them and I feel like it may be a decent entry point. That being said, please do your own due diligence. Everything I say is on an opinion based basis not meant to be taken as actionable advice. Proceed with caution, and do your research.
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
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$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.
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