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From Las Vegas Sands to Live Nation Entertainment and many other stocks, bullish triangles keep popping up in “reopening” plays.
Notice how LVS clawed to a new 52-week high above $66 in early March, stalled and then pulled back to previous highs around $60. Also notice how it briefly tested under that level, along with its 50-day moving average, before quickly rebounding.
That price action now resembles an ascending triangle , with a series of higher lows and resistance around $61.25. This has the potential for upside continuation.
For more, please click here to view the related idea and chart analysis on TradingView.
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