Saturday, 16 June 2018
Funds Flow of Las Vegas Sands Corp (NYSE: LVS): 16 June 2018, Saturday, 10.59pm Singapore Time
16 June 2018, Saturday, 10.59pm Singapore Time
(Click on FFA Chart above to Expand)
Attached is the Funds Flow of Las Vegas Sands that is listed in the US Market (NYSE: LVS). In point 1 of Funds Flow Chart, you will notice that a few months before the Trump-Kim Summit, smart monies sharply increased longs in Las Vegas Sands Corp. In point 2, when price retraced, the smart monies held on strongly to the significantly increased longs. Even though price actions formed a bearish descending triangle resisted by the black trendline in point 3, it was to be a deception under the backdrop of heavy net funds inflow. The break-up of resistance could even be expected before it got executed. True enough, it did. Marina Bay Sands (one of LVS' major operations) in Singapore received very positive international exposure and publicity during the Trump-Kim Summit. Expect their business in Singapore to do very well.