LCR trade ideas
LVS - Setup Once Again - If The Market Remains BullishLVS we traded it last time lets trade it again. Buy the fear
BULLISH
Entry 45-48
1st Target .5fib 53
2nd Target 618fib 58
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This content is for informational and educational purposes only. This is not in any way, shape or form financial or trading advice.
Good luck, happy trading and stay chill,
2degreez
LVS Long, side way consolidation in uptrendCondition:
1. Wedge Break out to up side.
2. Previous Supply zone became a new demand zone
Projection: side way consolidation in uptrend
Next Earning date is 7/22/2020;
Stock Prepare to Buy: 48
Stop: 46
Target: 58 : Risk:Reward= 1:3
In my Live trade, I sold Put.
I am not a professional trader. I need few months to plan trade and trade plan.
If you like it, thank you for your support. Please use SIM/Demo account to try it, until my trading plans get high winning rate.
Buy LAS VEGAS SANDS [NYSE: $LVS] | 5.7.2020 | Eric ChoeMy name is Eric Choe.
I am a professional trader with over 7 years of equities and cryptocurrency experience.
I've worked at an energy trading company, a Fortune 500 company, and one of the top management consulting firms in the world.
I left my high-paying salary as a management consultant in early 2018 for a career in investing and trading.
I've been a full-time equities trader ever since.
I give detailed analysis on TradingView.
Over the past 7 years, I've dedicated my time and effort to helping others learn about the financial markets.
All my ideas are for education purposes. There is a high-degree of risks involving leverage trading. Trade at your own risk. This is not financial advice
Las Vegas Sands: LONGLas Vegas Casinos are opening this Thursday, June 4th. They are fully prepped with anti-virus protection. I believe there is plenty of pent up demand. From what I can see people are out spending money in all sectors; even vacations are starting to be planned/taken. The protest/riots happening across America aren't good for business, but as of right now, it does seem to be proving that the virus is dissipating due to the warmer weather. We will see.
LVS at demand zone, prepare to longCondition: SPY at the demand level 271, or SPY the demand level 261, or SPY daily chart is in uptrend.
*** If SPY is in downtrend and not at any demand zone, don't long LVS. ***
LVS at demand zone, prepare to long when price goes up to 49.10;
Stop Buy 49.1, stop 47.3, target1=59, target2=63
Plus:
If SPY bounces up from 271. LVS may form double bottom.
If a Gap could break the down trend line after entry point, it will be the best confirmation.
Sell Las Vegas Sands for on high exposure on Corona Virus64% of revenue is linked to Macau, where visits were down 80% according to the company. Despite news of a breakthrough in a drug to prevent further spread of the disease, it may take some time before the confidence is restored.
The stock retraced 61.8% of the downmove and could be a good short opportunity. Use a stop above the highs at 74
Can LVS still go higher? Maybe, but headwinds are getting strongEARNINGS PREVIEW UPDATE:
Las Vegas Sands had a banger of a year, returning 30+ % for people who got in before August 2K19. Dividends and margin improvement were mainly responsible since Macau sales have been declining. New infastructure investments will be completed this year in Macau and legalized sportsbetting in the USA should definitely beef up profits. But, With such a great year behind us can this rally continue?
Earnings will be key here.
Headwinds include the Coronavirus outbreak which will further hurt Macau sales going into Chinese holiday season, amazing returns last year, and most likely a shrinking dividend. Its competitiors all look like better value buys as well.
/// % Growth TTM w/ Competitors
www.tradingview.com ///
Here for information puposes. Please comment any thoughts, biases, or opinions.
Some Articles:
www.nasdaq.com
finance.yahoo.com
www.benzinga.com