Today, news erupted that MBS CEO resigns. We don’t know yet why he resigned. Was he pressured to increase the EBITDA for the company?
Nevertheless, fundamentals of LVS seems to remain sound. However, the recent stock price action worries me. It is supposed to break out of this triangle pattern. bUT which way?
If LVS earnings is good, I see it breaking out of this pattern and jump towards $62.
If LVS earnings is bad, I think it will break downwards to $38.
LVS is a gamble. Place your bets.
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