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CZR

CZR WCA - Rectangle PatternCompany: Caesars Entertainment Inc. Ticker: CZR Exchange: NASDAQ Sector: Consumer Cyclical Introduction: In this analysis, we're looking at Caesars Entertainment Inc. (CZR) on the NASDAQ. The weekly chart is showing signs of a potential bullish reversal following a prior downward trend. Previous Trend and Reversal Pattern: The previous trend for CZR was downward, as indicated by the diagonal blue dashed resistance line. This downtrend appears to have been interrupted by a consolidation phase that initially took the shape of an inverted head and shoulders pattern. However, this pattern did not result in a successful breakout and subsequently morphed into a Rectangle pattern. Rectangle Pattern and EMA: The Rectangle pattern, in this case, is acting as a reversal pattern and has been forming over the past 250 days. The upper boundary of the rectangle is at 55.16 and has been touched thrice, while the lower boundary is at 40.22 with two touchpoints. The 200-day exponential moving average (EMA) is near the upper horizontal boundary resistance, which underscores the significance of this price level. Analysis and Conclusion: Currently, it seems that the ongoing weekly candle might close above both the 200 EMA and the horizontal resistance at 55.16. If this holds true until the close of the candle, a long entry might be appealing. The resulting price target in such a scenario would be 70.11, which equates to a rise of 27.07%. Please note that this analysis should be part of your overall market research and risk management strategy and is not direct trading advice. If you found this analysis helpful, consider liking, sharing, and following for more insights. Best of luck with your trading! Best regards, Karim subhieh Disclaimer: This analysis is not financial advice and is meant for educational purposes only. Always conduct your own research and consult with a financial advisor before making investment decisions.
NASDAQ:CZR
by KarimSubhieh
CZR Bullish inclined naked calls 17 Mar expiryWhats The Plan/Trade/Thought We have to adopt a Range market stance. When markets are going up with optimism, we will peg categories with strong fundamentals and a growth story as that will be where money will flow into. Also if sentiment turns to fear, these strong categories with a growth story should be able to weather the fear sentiment better than most. This hypothesis is tied to US companies that has a China opening growth story with a focus on service. Hence the Casino & Resorts category Can You Trade The Opposite Side (Y/N) No Trade Specs Sold 200 Calls @ 0.35 Strike 45 12.28% to Strike BP Used: 100k Max Gain: 7000
NASDAQ:CZRLong
by Ronin_trader
Caesars Entertainment looks ready to pump (50%) - NEWCaesars Entertainment looks great. We can see a higher low trajectory which shows an accummulation . If the price breaks the resistance , it should fly. MACD looks bullish. Increasing bars of positive momentum shows that bulls are in control now. Enter the long position only when/ if the price breaks the resistance Take profit and final target for this trade are shown on the chart. Stop loss highly reocmmended below the last low (38 $).
NASDAQ:CZRLong
by vf_investment
CZR early black Friday sellCZR is cheap at the current price. The market sucks again but I'm going to take this easy trade, it's a no brainer. CZR retraced to the .618 on the fib and proved it was a valid support level by closing right at it with a lower wick on Friday's candle. Buyers stepped in and I expect more of the same tomorrow. All other technicals look awful on the daily but that doesn't matter. Indicators lag but price action doesn't. If you zoom out to the weekly time frame CZR also has support from the blue EMA cloud which gives confluence to the .618. Looking to grab some 11/26 ATM calls & some 12/03 $100 calls.
NASDAQ:CZRLong
by chaseflores10
Who needs Casinos when I can do this?Seriously. A friend and I were discussing how this stock is stupidly overpriced. Their debt to equity ratio is over 5, meaning they are LOADED with debt, and the fed just acknowledged that interest rates will rise if they need to. Ummm...why would I drive to a casino when I can just buy calls/puts on robinhood or trade crypto on coinbase?... I save money on gas, I don't have to deal with crowds or wait, I don't have to deal with dirty crappy machines or bad dealers. Sure Robinhood and coinbase have their own downfalls but it's a simple fact that we will literally have virtual casinos on decentraland that all of us can just log on with our VR and go play poker with our friends. I think we should SHORT IT. (Not financial advice)
NASDAQ:CZRShort
by MonetaryRebel
2
CZR Broadening Wedge Ascending (bullish)I found this pattern at tickeron website with the following data: STATUS = Confirmed CURRENT CONFIDENCE = 82% TARGET (EXIT) PRICE = 66.92 USD BREAKOUT (ENTRY) PRICE = 55.37 USD DISTANCE TO TARGET PRICE = 23.83% EMERGED ON = Sep 14, 12:00 PM (EDT) CONFIRMED ON = Sep 14, 03:56 PM (EDT) WITH CONFIDENCE LEVEL = 99% Once the price breaks out from the top pattern boundary, day traders and swing traders should trade with an UP trend. Consider buying a security or a call option at the upward breakout price/entry point. To identify an exit, compute the target price for this formation by adding the height of the pattern to the upward breakout level. Pattern height is the difference between the breakout price (the highest high within the pattern) and the highest low. To limit potential loss when the price suddenly goes in the wrong direction, consider placing a stop order to sell at or below the breakout price. The Broadening Wedge Ascending pattern forms when the price of a security progressively makes higher highs (1, 3) and higher lows (2, 4), following two widening trend lines. This pattern may form when large investors spread their buying over a period of time. The theory goes that after initial buying occurs, other market participants react to the rising price and jump on the bandwagon to participate. Then value investors begin to sell, believing the price has risen too much, which spurs the original large investor to resume buying again. Once these activities stop, the price may break out in either direction.
NASDAQ:CZRLong
by AlTorress
CZR ? - Questions for my powerful, smart menCurrently working on small coding project. An algorithm that filters stocks from the TSX, TSX Ventures and CSE who’s price closes below the lower Bollinger band (80). I’ve been reading some of the work from Matt at Trader University and he calls it the rubber band stocks. Even though the purpose of this project is merely recreational, it got me thinking of a few questions I need answers to. Please feel free to comment and leave your thoughts. I like learning from the experienced day traders out there. 1) what time period should i use if i want to shorten the time i hold the stock? I find that with the 80 day bolllinger, if the stock closes below the lower band, It usually takes around 4 to 7 days for it to bounce back to the middle band. My goal is to reduce my holding period for a maximum of 3 days. 2) the goal of the algorithm is to filter stocks that are being oversold in order to have enough room for the price to bounce back at least 1% per trade. Is this an unrealistic goal? My reasoning behind it: get a 1% weekly return, which annualized is around 56% when compounded without much risk involved. 3) do the experienced day traders out there even follow a certain strategy? Or do you guys make your trades based on other research?? If you follow a strategy, may a please have the name to research more about it 4) do the experienced day traders place stop loss orders? I’ve noticed that the algorithms from the institutional investors pick up on those orders just to fill them up and trade the stock up again. 5) if you use stop loss orders, what’s the level of risk you put into every trade? Even if you don’t actually set up a stop loss order, what’s the level of risk you are comfortable with before deciding to exit the trade at a loss? To my all my powerful and smart men reading this, please help this girl out with some answers. Please leave a comment or thought you think will help me :)
NASDAQ:CZR
by normaescobarca
11
$ERI Oversold and At Trendline SupportThrough this selloff, we've been waiting and looking for long-term positions that we can buy and forget. $ERI is one such stock. $ERI has been hit with the rest of the casino sector, but has been hurt the most along with its merger partner $CZR. The combination of the two casino operators is scheduled to close during the first half of this year, although the huge reset in the industry leaves a lot of questions going into the merger. Eldorado Resorts, Inc. operates as a gaming and hospitality company in the United States. It owns and operates Eldorado Resort Casino Reno, a hotel, casino, and entertainment facility; Silver Legacy Resort Casino, a themed hotel and casino; Circus Circus Reno, a hotel-casino and entertainment complex; Eldorado Resort Casino Shreveport, a hotel and tri-level riverboat dockside casino; Mountaineer Casino, Racetrack & Resort, a hotel, casino, entertainment, and live thoroughbred horse racing facility; Presque Isle Downs & Casino, a casino and live thoroughbred horse racing facility; and Eldorado Gaming Scioto Downs, a modern racino. The company also operates Isle Casino HotelBlack Hawk and Lady Luck CasinoBlack Hawk land-based casinos; Isle Casino Racing Pompano Park, a casino and harness racing track; Isle Casino Bettendorf, a land-based single-level casino; Isle Casino Waterloo, a single-level land-based casino; Isle of Capri Casino Hotel Lake Charles, a gaming vessel; Isle of Capri Casino Lula, a two dockside casino; Lady Luck Casino Vicksburg and Isle of Capri Casino Kansas City dockside casinos; Isle of Capri Casino Boonville, a single-level dockside casino; Isle Casino Cape Girardeau, a dockside casino, and pavilion and entertainment center; Lady Luck Casino Caruthersville, a riverboat casino; and Lady Luck Casino Nemacolin, a casino property. In addition, it operates Tropicana Casino and Resort, Atlantic City, a casino and resort; Tropicana Evansville, a casino hotel and entertainment complex; Lumiere Place Casino, Tropicana Laughlin Hotel and Casino, MontBleu Casino Resort & Spa, and Grand Victoria Casino; Trop Casino Greenville, a landside gaming facility; Belle of Baton Rouge Casino & Hotel, a dockside riverboat; and Racelinebet.com. As of December 31, 2018, it owned 28 gaming facilities with approximately 30,000 slot machines and video lottery terminals; 800 table games; and 12,600 hotel rooms. The company was founded in 1973 and is based in Reno, Nevada. As always, trade with caution and good luck to all!
ELong
by OptionsGains
THE WEEK AHEAD: RIG, CRON, IQ, CZR EARNINGS; OIH/XOPEARNINGS: RIG (30/54) announces on Monday after market close; CRON (18/98), Tuesday before market open; and CZR (45/58) and IQ (22/64) on Thursday after market close. RIG Setups: Given its size (8.93/share as of Friday close), only a short straddle makes sense for a nondirectional play. Unfortunately, the March 9 only pays .96, making a 25% max take profit a marginal trade. The April 9 pays more (1.44) with a 25% max of .36, which doesn't exactly rock my socks. CRON Setups: Pictured here is a 16 delta short strangle in the April expiry which is preliminarily paying 1.87 at the mid (.93 at 50% max) with a delta of .55 and a theta of 3.68. The March 16 delta at the 17/28 was paying .93 (.46 at 50%) with a delta of .84 and a theta of 4.74. For those of a defined risk bent, I'd probably go out to April for more room to be wrong: the April 18th 14/17/30/33 brings in 1.10 preliminarily (.55 at 50%), delta 4.26, theta 1.05. CZR Setups: Like RIG, CZR is on the small side (9.15 as of Friday close). The March 9 short straddle is paying 1.12; the April, 1.52 (another non-sock rocker). IQ Setups: In spite of its sexy background volatility, single strikes aren't available in either the March or April monthlies, making this underlying particularly pesky to work a nondirectional like a short strangle or iron condor with "surgical precision." Consequently, I could see taking a bullish assumption shot either via short put -- the April 20 (30 delta) is paying 1.13 with a downside break even of 18.87 (a 13.4% discount over current price), or the April 25 short straddle that pays 6.38 with a 39 long delta metric and break evens of 18.62/31.38. A May 25 short straddle may be available next week post-February opex, which would present a flatter delta metric for the 25 short strad than the April setup. EXCHANGE-TRADED FUNDS The top five ranked by implied: UNG (51/57), OIH (22/31), XOP (17/30), EWZ (13/30), and USO (15/30). Although ranks are generally at the low end of their 52 week-ranges given the volatility spike we experienced in December, I'll continue to sell nondirectional premium (short straddles, generally) in my petro go-to, XOP, albeit using a smaller numbers of contracts than when background volatility was higher.
NASDAQ:CRON
by NaughtyPines