Japan’s Big Bet on Casinos

https://www.bloomberg.com/news/articles/2016-12-22/japan-s-big-bet

The next bet in Japan, Casinos.

The bottom line: Casinos in Japan, just authorized in December, could someday reach an estimated $25 billion in revenue annually.

Here are some of the US Casino listed stocks:

Large Caps:

Las Vegas Sands Corp. (LVS) (43b)
MGM Resorts International (MGM) (16.85b)

Mid Caps:

Boyd Gaming Corporation (BYD) (2.29b)
Melco Crown Entertainment Limited (MPEL)
Wynn Resorts, Limited (WYNN)

Small Caps:

Caesars Entertainment Corporation (CZR) (1.27b)
Caesars Acquisition Company (CACQ)
Eldorado Resorts, Inc. (ERI)
Empire Resorts, Inc. (NYNY)
Isle of Capri Casinos, Inc. (ISLE)
MGM Growth Properties LLC (MGP)
Monarch Casino & Resort, Inc. (MCRI)
Penn National Gaming, Inc. (PENN)
Pinnacle Entertainment, Inc. (PNK)
Red Rock Resorts, Inc. (RRR)

Micro Caps:

Century Casinos, Inc. (CNTY) (184m)
Full House Resorts, Inc. (FLL)
Golden Entertainment, Inc. (GDEN)

Source: http://investsnips.com/list-of-publicly-traded-casinos/

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Short Term Trading Idea on Yangzijiang Shipbuilding BS6 9 Dec 2016

Yangzijiang Shipbuilding (BS6 / Daily Chart)

*This idea is to trade on the higher possibility of advancing share price. I highly recommend clients to have stop loss when doing trading.*

Cup and Handle formation spotted. It is a bullish continuation pattern.

(Details on formation: http://www.stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:cup_with_handle_continuation)

Comments: Stock seems to trade with support of 14 days Moving Average (Indicated by Thin Red Line). If the 14 day Moving Average crosses the 200 days Moving Average (Long Term, Thin Green Line), it will have high chance of trading at a even higher price. This is even better if coupled with higher trading volume.

Short Term Price Support: $0.86
Next Price Support $0.83

Resistance Price: About $0.93
Suggested Entry: $0.83 – $0.86

Target Profit Taking Price: $0.93 & Higher (6.70% Profit, with entry at $0.86)
Time Frame: 2 weeks – 1 month
Suggested Minimum Trade Size: 5000 shares (About $4.3K)

Risk Level: Mid
Stop Loss: Once the share price breaks below $0.83 (5.36% Loss, with exit at $0.825)

*Chart at 12pm*