Downloading...
Download

MLCO

Long Entry for MLCONASDAQ:MLCO After we saw a high call volume in the last days and the stock is close to break out above 12 $. It can be also an interesting setup for option traders with a strangle or straddle position to profit for a breakout in both directions. Melco announces the start of a new gaming concession Melco Resorts & Entertainment Limited Starts Ten-Year Concession for Gaming in Casinos in Macau: Melco Resorts & Entertainment Limited, a company that develops, owns and operates integrated resorts in Asia and Europe, announced today that the ten-year concession granted to Melco Resorts (Macau) Limited (a subsidiary of the Company) to conduct gaming in casinos in Macau has commenced today. Subsidiaries of Melco Resorts & Entertainment Limited transfer gaming areas, equipment and devices to Macau SAR.Pursuant to the provisions of the Macau Gaming Law and the Concession, these areas and the equipment and devices will be transferred from the Macau Special Administrative Region to Melco Resorts Macau for use during the Concession for a fee of MOP 750.00 per square meter of the casino for years 1 to 3 of the Concession, subject to a consumer price index increase in years 2 and 3 of the Concession. The fee will increase to MOP 2,500.00 per square meter of the casino for years 4 through 10 of the Concession, subject to a consumer price index increase in years 5 through 10 of the Concession. Stop Buy: 12.30 $ Sell Stop Loss: 10.50 Sell Profit Target: 14.51 When the stock reaches 13.50 $ you can also move the stoploss to your entry price as a breakeven stop.
NASDAQ:MLCOLong
by tradevola
MLCO Dip Buy MLCO has been trading very emotionally during COVID 19 and has bounced between support and resistance nicely. As we approach potential for vaccine and retail preforms this company could continue to post higher revenues as it recovers from Covid-19. After the earnings beat the stock jumped and saw prompt selling and price has pushed back down to the Gap/Imbalance from Sept. 13. My personal belief is that buyers are creating liquidity for a strong move. Considering the bounce in Airlines and Cruisers, there is a fair chance that MLCO holds support and tries for some of the unaccounted for areas from February once election uncertainty is cleared up. My target price for MLCO is 20.56 by Febuary 1 2021
NASDAQ:MLCOLong
by crawfordpaul
MLCO is Holding a Historical LevelNASDAQ:MLCO is currently at an important historical level. CCI broke -300 for the first time this year earlier this year. YTD breaks below -200 have resulted in quick thrashes to the upside followed by some consolidation (with the exception of COVID-19 drop, will address that). A break in 16.07 support will not be the end of the world for MLCO, with the drop below during the market sell-off we saw a new level at 15.03 act as support as 16.07 held as resistance. This level has been tested a few times and held it's own quite well. Noted on the CCI, with uncertainty in the market, we could either see a repeat of initial COVID-19 reactions of head fakes and retests of -100 before a move up or we could see Hospitality and Entertainment begin to step back up and MLCO making a quick move up with an break above -100 as it has done before.
NASDAQ:MLCO
by crawfordpaul
1
$MLCO Trading At Trendline Support$MLCO is trading at trendline support and is a good play for investors in the gaming sector. Macau is open and will bounce back quicker than Vegas. $MLCO has no exposure to Vegas as its properties are in Macau and the Philippines. The company is also not overly leveraged and trades at 2.45x book and 4.6x cash. Melco Resorts & Entertainment Limited, through its subsidiaries, develops, owns, and operates casino gaming and entertainment casino resort facilities in Asia. It owns and operates City of Dreams, an integrated casino resort that has approximately 476 gaming tables and approximately 724 gaming machines; approximately 2,170 hotel rooms and suites; a wet stage performance theater with approximately 2,000 seats; approximately 25 restaurants and bars, approximately 165 retail outlets; and health and fitness clubs, 3 swimming pools, spa and salons, and banquet and meeting facilities. The company also operates Altira Macau, a casino hotel, which has approximately 104 gaming tables and 129 gaming machines; 230 hotel rooms; various dining and casual restaurants, and recreation and leisure facilities; and various non-gaming amenities comprising spa, gymnasium, outdoor garden podium, and sky terrace lounge. In addition, it operates Studio City, a cinematically-themed integrated entertainment, retail, and gaming resort that comprises 292 gaming tables and 957 gaming machines in Cotai, Macau. Further, the company owns and operates 8 Mocha Clubs with 1,336 gaming machines, as well as Grand Dragon casino in Taipa Island, Macau. Additionally, it operates and manages City of Dreams Manila, a casino, hotel, retail, and entertainment integrated resort in the Entertainment City complex in Manila. The company was formerly known as Melco Crown Entertainment Limited and changed its name to Melco Resorts & Entertainment Limited in April 2017. The company was incorporated in 2004 and is based in Central, Hong Kong. Melco Resorts & Entertainment Limited is a subsidiary of Melco Leisure and Entertainment Group Limited. As always, trade with caution and good luck to all!
NASDAQ:MLCOLong
by OptionsGains
Melco Resorts & Entertainment Ltd. (NYSE: MLCO)Melco Resorts & Entertainment Ltd. (NYSE: MLCO) tradingforaliving: "Jeden z największych operatorów kasyn i hoteli w chińskim hazardowym eldorado, czyli w Makao, które jest azjatyckim odpowiednikiem Las Vegas. Firma pochodzi z Hongkongu, zatrudnia ponad dwadzieścia jeden tysięcy osób i prawie 90% zysku generuje poprzez hotele i kasyna działające w Makao, a pozostałych 10% przez oddziały na Filipinach. " add to watchlist for next 6months
NASDAQ:MLCOLong
by Halbu