Trade of the Day – Las Vegas Sands Corp (NYSE: LVS) February 23, 2023 260
Trade of the Day
Las Vegas Sands Corp (NYSE: LVS)
(Current Price: US$57.35) – TECHNICAL BUY
Buy price: US$57.35 Stop loss: US$55.40 Take profit 1: US$60.30
Take profit 2: US$66.60
The price has been trading in an uptrend channel recently, and formed bullish candles on 21 & 22 February at the channel support following a retest of the US$55.40 previous resistance now turned support level. We can see continuation of the uptrend to retest the US$60.30 recent swing high level and subsequently the US$66.60 resistance level, which was a previous swing high formed in March 2021.
Expected timeline of the trade is 2-6 weeks from the date of report issuance.
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Featuring regular TA posts and requests to analyse specific stocksAbout the author
Zane Aw
Technical Analyst
PSR
I analyze the stock market and conduct technical analysis to provide investment recommendations. I look forward to having a conversation with you in our in-house seminars and presentations to identify good risk-reward trading strategies together. I graduated from Nanyang Technological University with a Bachelor of Accountancy (Honours).