I like trading Las Vegas Sands LVS stock. It is currently in a tight trading range.
The middle line is the trading signal. Every time LVS breaks below this trading line, I will accumulate LVS shares. The support is very strong at $15.5.
I sell some shares whenever it crosses above the middle line. Especially at $17.8 - $18.1
However, I do own some shares to keep long term. But for now, LVS will be in a trading range till the next earnings release.
Buy below $16.5, Sell above $17.8
Keep doing that. You could make about $4/share by the next rally. However, you may also miss the rally. So this is the risk of trading within the zone.
When the 200SMA (the lowest MA) breaks through my buy zone, I will stop swing trading within the zone and keep my positions long till $22.
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