Livenation
LYV: The music just stopped!Live Nation Entertainment
Short Term - We look to Sell at 90.13 (stop at 93.80)
The medium term bias remains bearish. A bearish Head and Shoulders is forming. The measured move target is 81.00. Further downside is expected although we prefer to sell into rallies close to the 91.00 level.
Our profit targets will be 81.20 and 79.00
Resistance: 93.00 / 99.50 / 127.00
Support: 81.00 / 74.00 / 60.00
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$LYV Live NationWe should get a nice push to $123 and see some nice gains. Well above both the 21MA and the 200EMA and with the volume divergence shows the bulls still have control and should push through. RSI will easily push well into the overbought zone on news of Walmart being added to the executive board.
THIS IS NOT FINANCIAL ADVICE! THESE ARE ONLY MY PERSONAL THOUGHTS AND OPINIONS AND MAY NOT BE USED FOR ANY OTHER PURPOSES.
LYV: Potential R/R 3 tradeCurrently in an uptrend.
Doji with increased volume on both a horizontal + trend line support.
Good to enter tomorrow at market open. If it gaps, anything less than 1% should still be fine.
Target profit 1 at $90, giving us about R/R 3
Target profit 2 at $92.50.
Stop loss at about $78.50
Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations.
If you have any symbols that you'd like me to analyze, feel free to drop me a comment.
ridethepig | A -50% correction for LYV in play📍 The best move, since the highs are defended from the earlier developments is not really to get into the heart of the issue. Rather we need to discuss the configuration and how to build the trade around the freefall.
LYV (Live Nation Entertainment, Inc.) is particularly exposed to pockets of further lockdowns which we are already starting to see in some states. As will sadly become clear approaching elections is in a certain sense the vaccine promotion will become more about substance rather than headlines. And now, I ask you; why does this matter for sellers?
The headlines driving businesses exposed to social distancing restrictions are coming to the end of the dead-cat-bounce. It is unlikely we see moderations of social distancing until early-mid 2021 and depending on the severity of the second wave, 2022 expectations can be hit badly meaning instead of finding a strong bid at the lows we can enter into an inertia free fall until we clear the virus completely.
Thanks as usual for keeping the feedback coming 👍 or 👎
$LYV Wedge Almost Complte | Take OffBreakdown of $LYV Live Nation Trading With Options
Estimated Play Time:
- Trade 1: 4 Days
- Trade 2: 18-22 Days
Trade 1:
- LYV $45 Put 7/17 @ $350 per contract, looking to flip the premium. Most likely won't hit in the money, don't be greedy.
Trade 2:
-Buying the breakout: This massive wedge should result in a overall move to $55 within the next month of so.
When the time is right, we will be looking to grab
- LYV $50 Call 7/17 @ Contract should be around $120 (currently sitting at $198)
Do not trade this you will lose money
DotcomJack | Easy Loot | The Dotcom Takeover
LYV - Live Nation - Sights Set Towards 2021Not a single concert in sight, but Live Nation is about to close a deal within a week that should secure them around $1.2 Billion to stay afloat for the time being. The 6.5% senior secured notes will be used for general corporate purposes and will be due in 2027. (Their previous loans are first due in 2023). Since March 12, concert revenues dropped 24.6% in the first quarter and I'm assuming the 2nd quarter results will be even worse, just not sure if that's already priced in to their stock price even though revenue and earnings per share (EPS) forecasts were both revised downwards. If they're able to secure this funding, this should buy them enough time to when things go back to "normal", which we're not exactly sure what the new norm will be.
TA:
We're seeing a similar pattern in LYV that we have seen in a lot of other stocks, especially those in the entertainment/hospitality sector. We had a bearish pennant, and as expected, price has broken out downwards out of this pennant and looking for support. First support level we're looking for is around $34.88, followed by $22.18 levels. I like LYV for the long run so will be picking up some when we see some solid support occurring. We're going to keep out outlook Neutral for now as we wait to see if the funding is secured and we're still looking for some support.
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor.
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