Crown Resorts Limited (CWN.ASX)

21 December 2017

Technical Summary: For the last few years on the 5 year chart CWN has been range bound with support at around $10.50 per share and resistance at $13.25 per share. While the stock will eventually break either the support or resistance, these areas may offer some action for mean reversion traders. Strength off support can be used to buy while weakness off resistance can be used to sell. If the stock makes a meaningful break of either of these levels then the thesis for mean reversion changes and stop losses will need to come into play. There is not much action here for trend followers.

Another one for the mean reversion traders

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