MPEL - Melco Crown Entertainment Limited - Page 223

This is going to be on a boatload of long watch lists going into tomorrow, closing right at 11.50, with that daily chart... hooooo boy.

This stocks volatility is ridiculous, I hope it breaks the 200 day MA and has a run so i can sell some calls :)

How in the world can Jeffries Group have a $7.00 price target on MPEL while Citigroup has a $21.00 price target?   Goes to show you that you cannot trust analysts. 

 

At any rate,this looks good and barring a market  melt down,MACD on a weekly time frame should go positive in about 2 weeks .

anyone looking to go in short?

Why would you do that here and now, expecting an inverted H&S? Short target 10.75? Anything else would be a dangerous short IMO. I like it long here... well, once it consolidates a little bit, if it can hold 11.50 on daily closing basis I'll continue to favor the long side for now.

im jus noticing alote of downwad pressure on chinese stocks...

 

and mpel sitting too pretty

There is a band of Resistance at $12.60-$12.70, but a flag or pennant pattern can be set up to load this stock higher which is a possibility.

I like a short here.  wynn and lvs both down since october started.  And i see a H&S forming on the daily.  right shoulder about done. 

Had a nice 15-20% run.  I figure its due for a breather.

Ill post the trade later if i make it,

Hello, been in and out of this one several times in the last 4+ years.
Still own a few shares.

Have 2 disagree, the chart looks great. The 50-day and 200-day are crossing the overall trend since late July has been positive, RSI is within the 30-70 range and heading positive.

I will mention especially right now with worries over China's economy, news will move this along with other casino stocks significantly either depending on pos/neg. IMO of course.

Couldn't get chart to post.

Yeah I generally agree w/ this. But if anyone feels strongly it is due for a pullback, say to test the 50 for support, you have an easy stop placement above 14 (over that, 15 and 16 test could easily come quickly). You also have good R:R on a short, targeting 12.50 or so... but yeah if I had to pick here I'd pick the long side. I'd rather wait for a small pullback or break of 13.96 swing high to place my bets.

Let's break through 14.50. Should be light resistance from there to 16.00 then major profit taking including me

PS... Of course IMO I look to see overall positive from Macau.

$14.75

i will warn the mpel players

 

do not playthis guy with stock..only options..

 

for many a time it has been trying to get a new stock offering to build a mega project they are waiting for for the last 3 yrs

due for a pullback here imo.  strong resistance on the weekly here at $16.  On an absolute tear since august.  60% move up.  

is buying puts playing with fire here??

Good call,it weas down ten percent this morning but what was the reason? I see no  news.Hmmmm,just a good old fashioned sell off I suppose.

lol a day too late.  figures..

Price target on MPEL raised by $6 from $14 to $20.

 

 

 

Yep just keeps up-ticking little by little. Could use a pullback soon. Still in but those are long shares.

Picked up a put here.