Technical outlook – Viewing Crown Resorts Limited (CWN) from a weekly timeframe has been swamped in supply since the many failed challenges towards the region of $13.00 to $14.50, spanning over five years.
Therefore, (technically), it is anticipated that the current decline may continue in the short-term until prices reach the region of $10.25, to which, is likely to stir-up the ‘bull-pack.’
It is assessed that a rebound should emerge from this region and set sail to a near-term recovery.
Company Overview – Crown Resorts Limited (CWN) is an Australian company engaged in gaming and entertainment business.
CWN has businesses and investments in the integrated resort and entertainment sectors in Australia and Macau and wholly-owns and operates a high-end casino in the United Kingdom. Former Names: Crown Limited, 01/11/2013.