CCI is back up to 0 and is a decent place to initiate shorts.
Big head & shouders top pattern signaling a change in trend from up to down.
Unfilled gap down below near the $60 projection going out to summer.
Cover when CCI reaches close to -200 (perhaps -190).
78 is key resistance. Use stops 3 ATR's above your entry and definitely beyond key resistance at 78. 75.97 last.
Targeting 70-68 initially.
評論
timwest
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71.50 low today... decent level to cover 1/2 for the short term and short again on a bounce up to $73-$74
timwest
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LVS lifted to 73+ yesterday and hit a lower low under 71.50 today
mdbutz
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Please add a comment… Positive feedback and constructive criticism are important to authors and the community.
Hi,
What do you think will be? I am into short position. LVS will go up or down?
Thanks.
Michael
timwest
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Sorry I didn't get your message until now - This has been a great move down in LVS. Hope you hung in there for the ride down.
timwest
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LVS chart at the moment
timwest
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Macau disappointed with weaker than expected gaming revenue growth of 9% today versus expectations of 15% growth. LVS is down along with WYNN. 74.69 -2.74 last (-3.55%) Still targeting lower prices. 6/3/2014 11:24AM EST