With MPEL dismal earnings, LVS was shorted by traders who closed their positions resulting in the mid day short covering and buying by investors.
LVS candle today shows a neutral position. We do not know whether its bullish or not. However, the close was at the FIB 50% line, suggesting that there may still be upward climb.
First target for longs is at $18.50
No comments:
Post a Comment