MLCO Melco Resorts - forming a bullish hammer candlestick on the weekly chart. Another gaming stock possibly finding a bottom at a long term support level ($16.00) with RSI in oversold territory. Earnings expected early November - assuming a positive report, targeting $24 by January-February.
Note: Informational analysis, not investment advice.
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.