Operation Save Live Nation
Look, we're not going to be having arena concerts until next summer if we're fortunate.
The fact is revenue will decline sharply in the coming weeks, and this stock will follow suit. Over the next month, the graph may range and drop, then range before dropping again, so now is the time to short this bear swing and follow it all the way down to 2014 supports.
Its trading at actual value as of close May 11, but the price is respecting the 50 day MA well below the 200 day MA.
The trend begins March 16, just before it crashed, and follows through to converge with the 50 day MA and intersects pre 2018 support and resistance levels. The stock will continue to fall, probably as low as 7.88 over the next three months but its too early to determine that rate.
This is a good swing, but long term, its worth considering positioning to bring Live Nation where it needs to go when we can get its market going again, some time before July, 2021, we hope.
The fact is revenue will decline sharply in the coming weeks, and this stock will follow suit. Over the next month, the graph may range and drop, then range before dropping again, so now is the time to short this bear swing and follow it all the way down to 2014 supports.
Its trading at actual value as of close May 11, but the price is respecting the 50 day MA well below the 200 day MA.
The trend begins March 16, just before it crashed, and follows through to converge with the 50 day MA and intersects pre 2018 support and resistance levels. The stock will continue to fall, probably as low as 7.88 over the next three months but its too early to determine that rate.
This is a good swing, but long term, its worth considering positioning to bring Live Nation where it needs to go when we can get its market going again, some time before July, 2021, we hope.
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