CFD Trading – Buy Las Vegas Sands Corp (LVS.NYS) @$42.60. Stop @ $38.50 and Target @ $49.65

 Las Vegas Sands Corp Stock Code LVS.NYS

Outlook

Price broke and closed above the cloud in the previous trading session, changing the chart outlook from bearish to bullish. Conversion line and Base line had a bullish crossover and is hinting of a bullish price trend ahead. Lagging Span is above price of 26 days ago but is below the cloud. MACD has turned bullish. MACD had given a bullish divergence warning earlier when price hit the low at $35.59. We think price is likely to be heading to a previous resistance point at $49.68.

Strategy                  

$42.60                Buy

$49.65                Price Target

$38.50                Risk Management Stop

3 weeks              Trade Duration

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.