Time to Short this Vegas Casino Chain
Two consecutive days with long topping tails, both of which holding at the top of the gap. Monday’s trading finished with a powerful shooting star at supply zone, and ended right on the lip of a nice gap. If we can break Monday’s lows, we could see a nice sell off in price.
Here is how the trade sets up:
— Short below $46.80
— Stop $48.15
— Target $42.15