1928 is near to the time to buy again

1928 Sands

$50 stock price will be a support level to 1928.
Its downtrend is going to meet the Fibonacci 38.2% retreat level at around $50.8.

If 1928 can success to hold on above this level, than it will be able to move up again.  Currently, it has break down on the BB channel (Blue color lines), so, its chance to rebound is increasing.

Big firms are pushing it down by scale down their profit growth in this year.  But the casino business is still "best" business with very high ROE and all-cash-in business among all listed in Hong Kong.  It is not the time to short this industry yet.

Tactic:  wait now, see if 1928 can stand on above $50, then buy in.