LVS in MASSIVE ascending triangle... Personally think these last two candles on weekly are offering an opportunity to get in. This is a very bullish chart. One can wait to play the breakout over that line. Note LVS is holding this ascending TL off low. Closed this week just above 50MA. Recent Macau Year over Year numbers for February were up 11.5% showing consistent growth.
With new casinos and more growth and market share in Macau and part of duopoly in Singapore. With potential European Las Vegas in Spain.
LVS is very well positioned IMHO. UPDATE: While the case is bullish I see some support at 44, 42,38,32. As break of log trendline is bad for couple weeks. March puts could be a winner if loses this trendline. There was also some news After I posted other chart that LVS had likely FCPA violations. Is this new or the same old known ones? Don't know but helps bearish scenario here.
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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.