octradr

WILL MGM BEAT THE ODDS?

BATS:MGM   MGM RESORTS INTERNATIONAL
133 2 0
The overall trend is up and the RSI is showing a buy signal.

BUT...

It recently gapped down and that is always a bearish signal.

So what to do you ask?
Wait for confirmation of course.

The trend up will continue if it closes above 20 and this is where I would open a position.

It may be a little premature to short this because of the strength of this uptrend.
I'll keep updating as the signals become more clear.

HAPPY TRADING!
octradr
3 years ago
Testing resistance. If it closes over this line it is time to buy. 11/14
Reply
octradr
2 years ago
Closed over 20 on 12/6 and is still flying high.
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