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CWN - Crown Resorts
- Thread starter Chumplybum
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Re: CWN - Crown Limited
A break above 13.50 could move the stock to 15.765 in six months. MACD is in the positive territory and RSI is increasing to 63.8, according to http://au.stoxline.com/q_au.php?symbol=cwn&c=ax
A break above 13.50 could move the stock to 15.765 in six months. MACD is in the positive territory and RSI is increasing to 63.8, according to http://au.stoxline.com/q_au.php?symbol=cwn&c=ax
tech/a
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Re: CWN - Crown Limited
Testing resistance at old highs.
MACD RSI and Stochastic don't mean a great deal at these levels as they are simply reflecting past positive price action.
as we know we are only looking to use oscillators when they indicate a pull back and a continuation of an established trend.
Divergence maybe handy and Stochastic could be useful if ranging.
Break of resistance could be positive if a retest held
Testing resistance at old highs.
MACD RSI and Stochastic don't mean a great deal at these levels as they are simply reflecting past positive price action.
as we know we are only looking to use oscillators when they indicate a pull back and a continuation of an established trend.
Divergence maybe handy and Stochastic could be useful if ranging.
Break of resistance could be positive if a retest held
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Re: CWN - Crown Limited
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On November 4th, 2013, Crown Limited changed its name to Crown Resorts Limited.
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Interesting. I sold out of this about a month ago, not because I think it's a bad prospect, but at the time I thought the SP would go down along with the general market. If the SP goes down enough, I may buy back in.
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Hi guys novice here haha... I'm looking into this one.
Revenue seems good as always with the hotel/gambling industry, however crowns financials look a bit out of line with how much they are pulling in. Lots of liabilities and debt etc etc
Do people see this now as a time to buy or run to the hills?
Revenue seems good as always with the hotel/gambling industry, however crowns financials look a bit out of line with how much they are pulling in. Lots of liabilities and debt etc etc
Do people see this now as a time to buy or run to the hills?
So what's up with Crown?
I liked the look of these guys a few years back, but it seems to have hit a steady decline from its peak (33%) to today.
Is it the slowdown in metals + oil = less Chinese money = less money pumped in to tourism & casino's = less money for Crown?
That's a long bow/fundamental link that I can see.
I liked the look of these guys a few years back, but it seems to have hit a steady decline from its peak (33%) to today.
Is it the slowdown in metals + oil = less Chinese money = less money pumped in to tourism & casino's = less money for Crown?
That's a long bow/fundamental link that I can see.
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Impact on VIP revenue from the Macau JV as anti-corruption measures are implemented. Now there is also talk of contagion potentially affecting Australian VIP rev.
skc
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Not that long a bow at all. Gaming volume in Macau has been declining for some time even before the recent oil collapse.
The Chinese anti-corruption spree is having some real impact on the hospitality business... luxury wine sales are down, while 5-star hotels are begging to be re-rated down so government offcials can stay there.
Thanks Value Snatcher and SKC - appreciate the feedback.
I always look at gaming stocks with an ethical lens and an investment one. I see potential in gaming long term (these guys work their way with each government) but the ethical side suggests people get hurt way too often via gaming.
Hmmm time to ponder I guess?
skc
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There are few thousand stocks on the ASX. There are may be 10 gaming stocks. So if ethics is of concern then let it be. There are plenty of other fishes in the pond.
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Daily Update:-
Wysiwyg
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Crown showing off a Morning Star candle pattern at completion of todays trading. Possibly a turning point in the trend with the coincidence of additional share volume for the three candle formation. Remember the stock has been downtrending for a year. Chart exclusive to Aussie Stocks Forums. 
Wysiwyg
Everyone wants money
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Nice development for anyone who had the guts to pull the trigger Jan. 23. Mr. Market killed my enthusiasm awhile before then so not a holder disappointingly.
Crown showing off a Morning Star candle pattern at completion of todays trading. Possibly a turning point in the trend with the coincidence of additional share volume for the three candle formation. Remember the stock has been downtrending for a year. Chart exclusive to Aussie Stocks Forums.
View attachment 61263
Awesome work Wysiwyg!
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