Been waiting on LVS for a while now, looking at a possible multi week mover either way. Here on the 4hr we have a clean cut descending channel looking for a bounce off long term support, I have a feeling we will reach down to test one more time and I wouldnt be surprised if it touches or even breaks a few cents under 51.00. Super simple play, I am bullish on a break of 56.25 with volume. Bullish TPs on a break of 56.25 are 60, 64, 67, 70, 75 and 80. There is also a substantial bearish possibility that we see a massive dip as the stock has consistently hit lower highs on the monthly chart and a drop to 45 seems likely on a break of support at 50.50. My bearish TPs in the event of such a dip are equally as far out at 48, 45, 42, 40, 35 and 30. Places to watch for a reversal on a large dip are 47.50, 42.50 and 40. Link to monthly chart attached (Multi Week Plan)
