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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About the author

Profile photo of Zane Aw

Zane Aw
Technical Analyst

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).

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