Analysis: #NASDAQ $ERI
Case 383 #Eldorado_Resorts Inc.
Special follower request: @AliTheTrader1
DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.
#ERI 1/4
Case 383 #Eldorado_Resorts Inc.
Special follower request: @AliTheTrader1
DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.
#ERI 1/4
Chart 1
Weekly Chart: The huge breakdown seen in Mar. 2020 saw all gains from 2015 wiped out. Price, eventually, found support on the #Fib. 0.942 and bounced strongly back into the old trading channel. .....
ERI 2/4
Weekly Chart: The huge breakdown seen in Mar. 2020 saw all gains from 2015 wiped out. Price, eventually, found support on the #Fib. 0.942 and bounced strongly back into the old trading channel. .....
ERI 2/4
Chart 2
Daily Chart: Price needs to trade above 56.70 (above the old channel) to relieve downside pressure. A weekly close above 69.15 targets 88.36. Conditions are tricky with enhanced risk, caution advised at these levels.
The #Strategy is printed on the image.
$ERI 4/4
Daily Chart: Price needs to trade above 56.70 (above the old channel) to relieve downside pressure. A weekly close above 69.15 targets 88.36. Conditions are tricky with enhanced risk, caution advised at these levels.
The #Strategy is printed on the image.
$ERI 4/4
