Swing Trade Idea for Oct 13th, 2024 - Caesars Entertainment, Inc
Caesars 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.
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