Watch the Rectangle on LVS closely. Trade with professional charting tools.
Sideways movement between parallel supports.
Gradual reversal from bearish to bullish.
Reversal pattern. Price likely to break downwards.
Consolidation. Can break either way.
Bullish continuation if preceding move was up.
Bullish continuation pattern.
Traders are watching Las Vegas Sands (LVS) as price action tightens. The stock is trading at $55.52, up 1.24% on the day. Price action has carved out a classic Bullish Flag. This setup is supported by average volume turnover. A potential breakout level is identified at $56.3, targeting $67.35 with support near $52.92 (R:R 3.27).
What is your outlook on LVS?