krishnan.karthik.98
Short

wynn seems to resume selling

NASDAQ:WYNN   WYNN RESORTS LTD
22 0 1
wynn has been found a kind of resistance at 50 period sma which was at 76.63. it seems like a selling period going to be resuming in wynn.
so for intraday players a short can be expected to the TARGET OF $68( NEAR BY 8 PERIOD SMA of daily chart ).
if the last support of 68 is broken then price will be flowing downwards for next 2-3 days.
in 30 minute time frame macd has already moved below 0 and below 50 period sma
in the hourly it has moved below 20 sma with a strong bearish divergence.
stop should be above 50 perod sma of daily with a small risk. if price moves your way then trail them accordingly.
Comment: if anyone is short then stay hold and lets see if it breaks 8 period sma of daily.
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