Hello my dears, with today's release for Light & Wonder, I would like to remind you once again of the value that I presented to you a month ago.
Despite this uncertainty, the share has risen by 7.27 % in one month.
Today's decision should give the share a further boost.
Fundamentally, I believe the company is well positioned. And the chart shows momentum and is currently in an important zone. (see lower chart with analysis)
My dears, please share your opinion in the comments.
@Multibagger
@TomTurboInvest
@All-in-or-nothing
@Klein-Anleger
@Dividendenopi and all others.
Light & Wonder Inc (ASX: LNW))
Light & Wonder's share price has risen 16% to $179.10. Investors are scrambling to get their hands on shares of the gaming technology company after they sich bereit erklärt hatten, 190 Millionen Dollar for the settlement of the litigation by Aristocrat Leisure Ltd (ASX: ALL) to pay. Matt Wilson, CEO of Light & Wonder, said: "Light & Wonder is pleased to resolve this matter and move forward. We are determined to run our business in the right way - respecting the intellectual property rights of our competitors while protecting our own rights. This matter arose when a former employee inappropriately used certain aristocratic math without our knowledge and in direct violation of our policies."
📊 Chart analysis: Light & Wonder (LNW)
🟦 1. Trend structure
- Primary trend: clear upwards. The share makes higher highs and higher lows.
- Momentum: The recent price jump of almost 18% shows strong buying interest.
- Trend channel: The share price is moving in the upper area of a medium-term upward trend.
Interpretation: Bulls dominate. Setbacks are being bought.
🟩 2. Supports & resistances
🔻 Supports
- 165-170 AUD: Former resistance zone, now first important support zone.
- 150 AUD: Psychological mark + previous consolidation.
🔺 Resistances
- 190-195 AUD: next logical target range based on trend projection.
- 200 AUD: Round mark, potential profit-taking area.
🟧 3. Indicators
📈 Moving averages
- 50-day line: Rising → Trend confirmed.
- 200-day line: Also rising → long-term strength.
🔥 RSI
- Probably overboughtwhich is normal after the +18 % move.
- Short-term consolidation possible without breaking the trend.
📉 MACD
- Signals a bullish momentum reversal.
🟨 4. Volume analysis
- The sharp rise was typically accompanied by above-average volume accompanied.
- This speaks for institutional purchasesnot just retail movement.
🟪 5. Scenarios
Bullish case
- Share price holds above 165 AUD.
- Breakout above 190-195 AUD → Target 210-220 AUD.
Bearish case
- Fall back below 165 AUD → Correction to 150 AUD probable.
- Below 150 AUD the trend would lose strength.
🧭 Conclusion
Light & Wonder is showing very strong momentumembedded in a stable upward trend. The share has run hot in the short term, but the medium-term setup remains clearly bullish. Setbacks towards AUD 165-170 would be technically healthy buying opportunities.
After today's news, I see a continued bullish scenario.
🧭 4. For which investor is Light & Wonder l suitable?
LNW - suitable for:
- Momentum traders
- Growth-oriented investors
- Investors who are betting on iGaming expansion
