$BYD
Peak resistance: @22.88
Watching for bounce back @ $19.64
Entry: $19.64
Stop loss: $17.64
Limit sell: 21.07
Notes: This particular casino stock is up 57% in 9 days. In the words of Jerome Powell: A healthy correction is needed.
Waiting that RSI is now over 70 (overbought zone) I understand that boyd casinos are opening on June 4th. these a possibility it can go either way depending on the narrative. Also keep in mind... any news of a second wave of 'Rona sends all casino stocks back into a black hole.
If you want to play casino stocks possibly look at $BLK to diversify.
Peak resistance: @22.88
Watching for bounce back @ $19.64
Entry: $19.64
Stop loss: $17.64
Limit sell: 21.07
Notes: This particular casino stock is up 57% in 9 days. In the words of Jerome Powell: A healthy correction is needed.
Waiting that RSI is now over 70 (overbought zone) I understand that boyd casinos are opening on June 4th. these a possibility it can go either way depending on the narrative. Also keep in mind... any news of a second wave of 'Rona sends all casino stocks back into a black hole.
If you want to play casino stocks possibly look at $BLK to diversify.