Madison Square Garden Entertainment | MSGE | Long at $36.00

11月21日

Madison Square Garden Entertainment MSGE appears to be forming a slow, but steady, upward channel. With a 9.7 P/E, 40M float, low debt, and high institutional ownership, it's an interesting value play. From a technical analysis standpoint, the large looming gaps above the current price area screaming to be closed. There is one lower price gap between $29.05 and $29.06 ($0.01) that may get closed before a stronger move up - something to keep an eye on if the price drops below $35 in the near-term. MSGE is a strong name that I think will eventually follow the path of MSGS from a price perspective. However, headwinds such as the potential for a slowing economy, rising ticket prices, etc are something to consider. At $36.00, MSGE is in a personal buy zone.

Target #1 = $42.00
Target #2 = $50.00
Target #3 = $60.00
Target #4 = $68.00

12月10日

トレード終了: ストップロスに到達

Closed out of trade after stop-at-entry hit at $36.00. More chart data is needed to chart historical simple moving averages and better understand the stock's moves. The gap in the $28 range is a bit worrisome, so exited trade.