LVS made about 15% since it was brought up, then bounced with the market to an area which I would consider to be a "Kiss Goodbye" to the top pattern.
The 15 min chart is also negative in a leading divergence.
Monday, April 11, 2011
LVS Trade (short) Follow Up
This one was from March 1st
LVS made about 15% since it was brought up, then bounced with the market to an area which I would consider to be a "Kiss Goodbye" to the top pattern.
The March1st Trade idea and the subsequent "Kiss". LVS looks like it's rolling over here which makes for a pretty decent probability trade with good risk/reward characteristics.
30 min 3C shows negative divergences both at the breakdown from the top and a worse one currently on the bounce as it starts to round over.
The 15 min chart is also negative in a leading divergence.
On the 1 min there is a positive divergence, I'm not sure how much further it can bounce intraday if at all, but my guess would be to the white trendline, making for a lower risk entry.
LVS made about 15% since it was brought up, then bounced with the market to an area which I would consider to be a "Kiss Goodbye" to the top pattern.
The 15 min chart is also negative in a leading divergence.
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