Weekly: crossed > 50 rsi, that's about "the" most bullish move possible you can expect to get, especially on LVS. (now.........it hangs barely above, which is massive downside potential)
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Daily: Backtest from below of prior rsi support
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30min: Backtest from below of prior rsi support
I kinda hope it does not gap down big on Monday. (even tho I think it probably does, dangit). Because I would like to get a gap up or flat to enter to purchase some May 10 puts on this one, to grab that sweet OTM-ITM crossover, then ring the register.
Add this one to Ideas of the Week
(short)
Posts
LVS still looking good to you with the bump today? The large short% to float worries me some.
ReplyDeleteI own some may 10 puts @ .35 via today
ReplyDelete(small play here though, as its very close to expiration)
The short float data is updated twice a month, so that data reflects April 15th (as it says AprilB)
If lvs had not moved much since then, no way i would be shorting it here. But it rocketed alot, so the short float is likely much lower than that today.
If any trade worries you, it's not worth trading.