lauralea

ABC Bullish Falling Wedge

Long
NASDAQ:WYNN   Wynn Resorts, Limited
This one is tough for me to post because it has been all over the place price wise!
This stock has had the flu for a long, long time.
My stop would be below 67.5 WYNN does not seem to be going lower than that
The chart is bullish from what I see. Break out is 74.5 but has been there and done that before, and did not break out
WYNN is also in a falling wedge. It has not broken the upper trend line of that wedge but seems to be trying. Falling wedges can be bullish if the stock breaks up and out of it
I did notice on Chartmill that there has been large player interest in hotels like HLT

It was hard to post targets 1. So Targets 2 are even harder, but are 160 to 185.5. Just seems hard to believe right now. I am having issues pressing the long button on this one..lol But with a clear break out over 74.5 or I may even look at buying this closer to the bottom trendline of falling wedge at 68 to 70ish. I will see what Monday brings. This one whare I may buy a small amount to begin with. But the flu can not last forever..or can it?

The only thing that never changes is Change
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.