Part of the reason trading is so addictive and fun, is that you never know what a stock is going to do. I found a trade setup and thought we could make a game out of it. it’s called, What Will LVS Do?
Here’s a screenshot of a daily chart on LVS as of midday today. As you can see from the chart, LVS has been trading in a range the last couple months, but with the news today is moving towards the upper resistance level.
Click on the Image to Enlarge
So What Will LVS Do?
Will it hit resitance and drop back into the range, or will it break through and go higher?
If you pick correctly you get the amazing prize of knowing you picked correctly.
So please post your answer and your thinking as a comment, and maybe we can all learn together about how stocks move and why.
BTW: do you see the little red button with the -2LMT X in the picture? That’s an order I have enetered that has not gotten filled yet. It is a 45/40 Feb Put spread for a credit of .53 – a ten% ROI in about 2 weeks. That’s a hint as to what I think LVS is going to do.