My apologies as I had meant to post this yesterday. The ERI short trade is scheduled to report earnings after market close today. I had intended to post an heads-up for ERI's earnings reports primarily for two reasons; Some traders prefer to close a position before a quarterly earnings report in order to avoid getting [...]
ERI (Eldorado HoldCo LLC) hit T1 for a 6% gain today. T2 remains the final target at this time with the potential for a 3rd target around the 13.40 area depending on how the casino & resort sector trades going forward. Previous & updated daily charts:
The following notes & chart outline the entry criterion, price targets, suggested stop & beta-adjusted position size for a swing trade in ERI, Eldorado HoldCo LLC.
Just a heads up that several of the official & unofficial trade ideas recently posted on RSOTC are scheduled to report earnings after the markets close tomorrow, including ATVI, CARA, ERI, GDEN & TSRO. Keep in mind that list is far from inclusive of all of the recently highlighted trade ideas. There are numerous sources [...]
This video takes in-depth look at some of my favorite trade setups in the Resorts & Casino industry, outlining key technicals charts patterns, support & resistance levels, trendlines, price targets & more. Several of these resort and/or casino stocks appear poised for a drop as much as 50% or more from current levels. The charts [...]