Stock Trading Predictions & Technical Analysis: LVS

Friday, November 20, 2009

LVS - Three Black Crows

LVS - SELL SIGNAL

LVS has just given us 3 consecutive SELL SIGNALS ever since topping around $18.00 on Wednesday. First, on Wednesday we had a Dark Cloud formation which indicates a top after giving up most of the previous session's gains while hitting a high with the up trending channel line. On Thursday that observation was confirmed while giving us a 2nd SELL SIGNAL by crossing down sharply below its up trending channel line. The 50 day MA which is a zone for which LVS could have bounced back up as it represents a support level was crossed while LVS did manage to close just above it. However, the damage was done and trading below the 50 day MA despite closing above it did weaken the chance of seeing a bounce back up. In fact, today, Friday, LVS gave us a third consecutive SELL SIGNAL with not only giving us a Three Black Crows formation with three consecutive days of trading with lower highs and lower lows, but also by closing sharply below the 50 day MA. Now LVS stands almost exactly at its support level of $16.00 for which it could bounce back up from. A sharp fall below $16.00 would very likely send LVS back in its major down trending channel, which would then give us a STRONG SELL SIGNAL. The Three Black Crows formations increases the chances of seeing a 4th down day on Monday. To get a BUY SIGNAL from LVS, it would first need to bounce back up $16.00, but also to close above the 50 day MA, and stay above it for two consecutive sessions. A STRONG BUY SIGNAL would be given with a sharp move and close above $18.50, towards $19.00.

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TECHNICAL INDICATORS

BUY SIGNAL: Indicates the possibility of the start of a new up trend or the continuation of the current up trend. This signal may be often given in the early stages of a potential new up trend that was preceded by a down or sideways trend. Such signals do not always succeed and may fail at time.

BUY: Indicates that the current up trend is already in motion and a BUY SIGNAL was already given earlier. A BUY does not necessarily indicate that the stock will continue higher from here, but simply that the stock is trending up. The further into the trend you decide to take a long position, the more risk you have of seeing it reverse back down sooner rather than later.

STRONG BUY SIGNAL: Indicates a stronger, more significant and reliable signal than a BUY SIGNAL which usually has less chance of failing. Such signals do not always succeed and may fail at time.

STRONG BUY: Indicates that the current up trend is already in motion and that STRONG BUY SIGNAL was already given.

SELL SIGNAL: Indicates the possibility of the start of a new down trend or the continuation of the current down trend. This signal may be often given in the early stages of a potential new down trend that was preceded by an up or sideways trend. Such signals do not always succeed and may fail at time.

SELL: Indicates that the current down trend is already in motion and a SELL SIGNAL was already given earlier. A SELL does not necessarily indicate that the stock will continue lower from here, but simply that the stock is trending down. The further into the trend you decide to sell a position, the more risk you have of seeing it reverse back up.

STRONG SELL SIGNAL: Indicates a stronger, more significant and reliable signal than a SELL SIGNAL which usually has less chance of failing. Such signals do not always succeed and may fail at time.

STRONG SELL: Indicates that the current down trend is already in motion and that STRONG SELL SIGNAL was already given.

HOLD: Indicates that traders who already hold this stock, should hold on as long as the trend persists. This signal is usually given during an up trend for which it would be considered too risky to take a long position at this point.

STRONG HOLD: Indicates that the current trend has been in motion for a while and rarely deviated away from the trend. Although the stock may continue higher, there may not be enough potential up side to trigger a BUY SIGNAL. This type of indicator usually means that the stock has very strong support levels which may have been tested but not broken.

WAIT: Usually given during a sideways trend for which we are waiting for a move that would trigger a BUY SIGNAL or SELL SIGNAL. This could also indicate uncertainty and the risk that would be taken if you were to take a long position at the current level. Taking a long position after giving a WAIT indicator is considered a gamble.