Caesars Entertainment has been in a long channel up trend since the start of the year.
Most recently, we have seen higher lows with steady highs. See them on the chart.
BUT- the channel had roughly the same highs. Just yesterday it broke through that channel on the high side, and I bought in. (Entry in blue)
My S/L is at the bottom of the recent gap at/around $9.50 and the target is to break thru $11 for a $1 gain.
2/1 ration here. Not ideal, but manageable.
I am not a financial advisor, just sharing my thoughts with the community.
As always, would love to hear your thoughts!
Most recently, we have seen higher lows with steady highs. See them on the chart.
BUT- the channel had roughly the same highs. Just yesterday it broke through that channel on the high side, and I bought in. (Entry in blue)
My S/L is at the bottom of the recent gap at/around $9.50 and the target is to break thru $11 for a $1 gain.
2/1 ration here. Not ideal, but manageable.
I am not a financial advisor, just sharing my thoughts with the community.
As always, would love to hear your thoughts!
Trade active
After merger move w/ ERI, 
CZR is up 15% and I moved my Stop up to $11.19This is at the 61.8% Fib line (not pictured). Obviously volume is well above its average nearly 3.5 times the amount. RSI is above the 80 mark too.
Definitely a nice trade here to take some profits and move on to the next selection or ride this out for some more.
Trade closed: target reached
Closed out trade at $12 on July 11th.Nice 20% gain on ROI.
Hope you all had fun in that one!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.