Friday, September 4, 2009

LVS - Looking Strong

LVS is looking strong, and will be on my radar next week. LVS is in a strong uptrend, and has remained over the top bolinger band ever since breaking up over its 200 day moving average since mid-July. LVS stochastic level has remained high, along with the RSI. Although MACD has given a sell signal a few days ago, it seems to have been a false one if LVS goes up again next week. The RSI is near its past highs near 70, I'm hoping to get in on a long position, if the RSI falls back near 50 and bounces again back up. Next week could be a wild week and it's to guess what will happen. But by simply looking at LVS chart we can expect to see LVS continue higher perhaps for another session or two before pulling back, when I'm hoping to get in, possibly close to current levels. I think any day where LVS pullsback while bouncing along this uptrend, is a buying opportunity. If I had seen this chart yesterday, I would have probably taken a long position already around $14.50. But now the big move already happenned, and I'm hoping to see a little pullback even if I hope to get in around the same level as it is now.

Posted by Yoel at 4:19 PM

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

DISCLAIMER

The analysis and information given on this site is for information purposes only. Trading in these strategies may result in capital loss. Individuals should do their own independent research or consult an investment advisor before taking investment action. All materials on this site, including the stock picks, are for news and entertainment purposes only and are provided on an "as is" basis and without warranties of any kind, either express or implied.

Under no circumstances will yoel stockpredictions.blogspot.com be liable for any special or consequential damages that result from the use of, or the inability to use, the materials in this site, even if advised of the possibility of such damages including, but not limited to, negligence. In no event shall yoel-stockpredictions.blogspot.com have liability to you for any damages, and losses for accessing this site or using the information provided.Yoel-stockpredictions.blogspot.com does not guarantee that the information contained herein or distributed from this site will be uninterrupted or error-free, that defects will be corrected. Past Results are not necessarily indicative of future performance.

Yoel-stockpredictions.blogspot.com does not trade against you. Some sites are using the size of their visitors to 'move the market' and take advantage personally with their stock picks. This is illegal, and mostly applicable in smaller less liquid securities, which are not covered on this site. It is highly unlikely that the articles in this site about stock picks could ever move the market.

As a visitor to this site, you acknowledge and agree that any reliance on or use by you of any information available on this site shall be entirely at your own risk. In no event shall yoel-stockpredictions.blogspot.com be liable for any direct, indirect, consequential or exemplary damages arising from the use or the performance of this site, even if will yoel-stockpredictions.blogspot.com has advised of the possibility of such damages. Trading may not be suitable for all visitors of this site or the information provided by this service. The visitors assume the entire cost and risk of any trading they choose to undertake.