CoopsCharting

WYNN - Watch closely!

NASDAQ:WYNN   WYNN RESORTS LTD
73 0 1
Weekly candle chart...

Supports are the supporting trend line and the 200 week moving average .

The resistance is the 50 day moving average (NOT SHOWN).

The convergence of the supports and resistance levels will force a reaction most likely in one direction or the other. I don't like entering here...I'd wait and see how it plays out. Ideally, we will see a break above the 50 day moving average on volume and the 200 week ROC become for positive. But if not, be careful.

You will also notice what appears to be a giant cup and handle formation, which, upon it's breakout (shown) behaved as such.
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