SANDS China on the way down!SANDS China SCHYY is looking at retesting some old support levels. SHORT
1928 trade ideas
Key levels to watch on Sands ChinaThese are the key levels to watch for Sands China. Prices are testing support where we could see limited upside
Sands China is approaching resistance, potential reversal Prices are approaching our resistance in line with our descending trend line, 61.8% retracement and 61.8% extension where we could see a reversal below this level. Ichimoku cloud is showing signs of bearish pressure as well, in line with our bearish bias.
Sands China could see further upside Prices are facing bullish pressure from our ascending trend line where we could see a further upside above this level.
Sands China is facing bullish pressure Prices are facing bullish pressure from our ascending trend line and could see a further upside above this level. Ichimoku cloud is showing signs of bullish pressure as well, in line with our bullish bias.
Sands China approaching resistance Price is approaching resistance where we could see a reversal below this level.
Sands China reaching support, potential bounce Price is reaching our first support in line with our ascending trend line where we could see a bounce above this level.
Sands China Ltd (1928 - HK) - Updated Elliott wave countSands China Ltd (1928 - HK) is in 3rd wave down of C down in Y wave as shown in chart. It is also under-performing the market.
Sands China Ltd (1928 - HKEX) WXY wave patternSands China Ltd (1928 - HKEX) looks in corrective WXY wave pattern. After completing X, it dropped in five wave A followed by its corrective B wave. Sell with stops above 32.70 with C (W - internal of Y wave down) as target.
Sands China Ltd (1928 - HKEX) WXY wave patternSands China Ltd (1928 - HKEX) looks in corrective WXY wave pattern. After completing X, it dropped in five wave A followed by its corrective B wave. Sell with stops above 33.30 with C (W - internal of Y wave down) as target.
Long opportunity for 1928:HKGood earning surprise. Price pattern: Converging triangle, undergoing E eave.
However, stochastic is overbought now, long opportunity when the price break Resistance 1 and break the descending trend line.
