Monday, July 20, 2009

A Chart a Day #11: Las Vegas Sands (LVS) H&S

I thought about posting a daily LVS chart this weekend because it looked great (hat tip to jf in Chicago) and I wish I had because it surged 15% today. The shorter term chart (which I'm not posting tonight) shows that LVS recently retook its flattening 200 dma for the first time since 2007. That's a big deal in my book to compound bullish signals from a golden cross and a bull flag pattern that seems to be completing. Instead I have the three year weekly chart above which looks like a stock that stared death in the face and said go f--- yourself. The volume at the low clearly suggests capitulation and you can see the significance of this base by noting the volume by price (left hand side). What I like most about this chart is the inverted head and shoulders, the scale of that thing is insane but the price target seems completely reasonable to me. If LVS takes out $15 then this pattern targets $30 which looks like a pivot point. That's a cool 100% from the neckline, but a whopping 2,070% gain from the all time low made back in March. Yowsa!


pythagoruz said...

Yep, still below $15 but looking good! Thanks for the comment 出張ホスト.

pythagoruz said...

Lol, I couldn't actually understand what these comments said before. I just guessed. Readers, I just used babelfish to get this translated and it was pretty funny.

the first comment was from "Business trip host " and it said:

"Concerning woman member increase, the business trip host of this site is in the midst of insufficiency. To go into the home and the hotel of the woman, because the man part-time job which does the helping which satisfies desire at present is collected, the one which has interest requests no charge register from the TOP page"

The second comment was from "Leaving home " and it said:

"Recently, in the leaving home bulletin board which is introduced with the various media, you stay and message of the leaving home girl whom you are walking the net coffee and the like of all parts of the country is written in large number. Because she there is no money, it seems that directly goes to play with the man who knows each other with the bulletin board. Don't you try returning the reply to entry?"

lol, very strange Japanese spam indeed. Don't click on their names by the way.