Las Vegas Sands -LVS -Daily -Weekly -Monthly - Bear Mkt Anatomy
Multi-perspective of LVS and the decline it has endured so far this year - Note - More to follow.
Note the observations on the charts and even what happens after a stock gets to over 20 times sales... often times it falls by significant amounts until it gets cheap.
I had a funny observation that the last of the distribution on the monthly chart happened when LVS came back up and formed the old "RIGHT SHOULDER". I just invented that, but thought you would want to see the chart.
Short 62.78 last, risk 3 ATR's. Downside $58.
Tim 12:45PM EST 10/6/2014 62.61 last.
Note the observations on the charts and even what happens after a stock gets to over 20 times sales... often times it falls by significant amounts until it gets cheap.
I had a funny observation that the last of the distribution on the monthly chart happened when LVS came back up and formed the old "RIGHT SHOULDER". I just invented that, but thought you would want to see the chart.
Short 62.78 last, risk 3 ATR's. Downside $58.
Tim 12:45PM EST 10/6/2014 62.61 last.
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