markbrsz
Short

$WYNN potential short setup

NASDAQ:WYNN   WYNN RESORTS LTD
Monthly chart showing weakness with the trend bearish , price broke under the $100 round number and has support at key $90 pivot level which has acted as both support and resistance several times. Weekly chart is bearish making LL and LH as well as trending under the 200 weekly ema . The daily is trending strongly with several unfilled gaps down showcasing weakness. Waiting for a break below the recent swing low at $93.59 and break and close of key $90 level before considering a starter short targeting the $40 level. One to watch in the next couple of months!
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