Bullish Triangles Across Reopening Stocks: Technical Analysis


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.

Las Vegas Sands (LVS), daily chart, with key patterns, courtesy of TradingView.
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