Caesars Entertainment looks ready to pump (50%) - NEWCaesars Entertainment looks great.
We can see a higher low trajectory which shows an accummulation .
If the price breaks the resistance , it should fly.
MACD looks bullish. Increasing bars of positive momentum shows that bulls are in control now.
Enter the long position only when/ if the price breaks the resistance
Take profit and final target for this trade are shown on the chart.
Stop loss highly reocmmended below the last low (38 $).
Czrlong
CZR - 15.13% Profit Potential Swing Trade Setup - TriangleAscending Triangle formed after a bull run.
Tight Stop Loss - risky price action.
- Target Entry: $105.20
- Target Stop Loss: $103.44
- Target Exit: $123.55
- Risk / Reward Ratio: 10.43
About me
- Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss
$ERI Oversold and At Trendline SupportThrough this selloff, we've been waiting and looking for long-term positions that we can buy and forget. $ERI is one such stock.
$ERI has been hit with the rest of the casino sector, but has been hurt the most along with its merger partner $CZR. The combination of the two casino operators is scheduled to close during the first half of this year, although the huge reset in the industry leaves a lot of questions going into the merger.
Eldorado Resorts, Inc. operates as a gaming and hospitality company in the United States. It owns and operates Eldorado Resort Casino Reno, a hotel, casino, and entertainment facility; Silver Legacy Resort Casino, a themed hotel and casino; Circus Circus Reno, a hotel-casino and entertainment complex; Eldorado Resort Casino Shreveport, a hotel and tri-level riverboat dockside casino; Mountaineer Casino, Racetrack & Resort, a hotel, casino, entertainment, and live thoroughbred horse racing facility; Presque Isle Downs & Casino, a casino and live thoroughbred horse racing facility; and Eldorado Gaming Scioto Downs, a modern racino. The company also operates Isle Casino HotelBlack Hawk and Lady Luck CasinoBlack Hawk land-based casinos; Isle Casino Racing Pompano Park, a casino and harness racing track; Isle Casino Bettendorf, a land-based single-level casino; Isle Casino Waterloo, a single-level land-based casino; Isle of Capri Casino Hotel Lake Charles, a gaming vessel; Isle of Capri Casino Lula, a two dockside casino; Lady Luck Casino Vicksburg and Isle of Capri Casino Kansas City dockside casinos; Isle of Capri Casino Boonville, a single-level dockside casino; Isle Casino Cape Girardeau, a dockside casino, and pavilion and entertainment center; Lady Luck Casino Caruthersville, a riverboat casino; and Lady Luck Casino Nemacolin, a casino property. In addition, it operates Tropicana Casino and Resort, Atlantic City, a casino and resort; Tropicana Evansville, a casino hotel and entertainment complex; Lumiere Place Casino, Tropicana Laughlin Hotel and Casino, MontBleu Casino Resort & Spa, and Grand Victoria Casino; Trop Casino Greenville, a landside gaming facility; Belle of Baton Rouge Casino & Hotel, a dockside riverboat; and Racelinebet.com. As of December 31, 2018, it owned 28 gaming facilities with approximately 30,000 slot machines and video lottery terminals; 800 table games; and 12,600 hotel rooms. The company was founded in 1973 and is based in Reno, Nevada.
As always, trade with caution and good luck to all!