Historically when LVS surpasses this RSI level, the stock drops at least one more percent over the next few weeks. In fact the minimal drop is 2.93% with an average drop of 6.17%. The bottom of the trend channel is well beyond the 6% but my conservative play is a drop to the 53 milestone which would net around 3% and most likely around 30% with a PUT option.
Historically singular large drops for LVS are not isolated incidents and the stock continues downward in the immediate days following a shock drop like the one that occurred on Dec 8, 16.
Historically singular large drops for LVS are not isolated incidents and the stock continues downward in the immediate days following a shock drop like the one that occurred on Dec 8, 16.
All forecasts are based on analysis of past behavior. Prior movements are not always indicative of future movement. Develop the theory, test the theory. Do your own research. Nothing in this analysis constitutes advice. YouTube For More. Good luck!!
