NASDAQ:WYNN rounding top pattern, 20 day crossing over the 50 day moving average is a bearish down trend. next support is the 200 day moving average.
Broken support line, channel, 3 attempts to recover resulting in 3 inverted hammers rejections on support turned to resistance it seems, PT $94 $92 $85 respectively unless it recovers the channel. Risk reward favors a trade short risking daily lose above 102
BULL PULLBACK SET UP: Since about the end of June this year, WYNN looks like its been gaining momentum towards the upside. At the beginning of November, the 20 day crossed over and upward movement continued bringing it back to the upward trend line from the June/July lows and is now high basing with a pull back to the 9 day and area of support at 75ish. The bull...
Wynn Resorts, Limited designs, develops, and operates integrated resorts. Its Wynn Palace segment operates 424,000 square feet of casino space with 323 table games, 1,035 slot machines, private gaming salons, and sky casinos; a luxury hotel tower with 1,706 guest rooms, suites, and villas, including a health club, spa, salon, and pool; 14 food and beverage...
It is interesting how the price has formed these patterns which are exactly the opposite and result in exactly the opposite outcomes Kinda like they are pairing themselves together? Thought it was worth a post
Wake up Ponzi Poggers. There's gems everywhere. NOMO FOMO. *valuation matters Dollar Cost Average if need be. Hold for years.
The market is looking like it wants to dump. I hope not but anything with a decent setup is failing to follow through right now. $89 puts expiring 9/3. No sense in taking lumps when we you can profit on the way down.
WYNN is now approaching a VERY important level right now at the 50 fib line. Using the pandemic low as the anchor and this year's high, some important levels have begun to reveal themselves. Right now the 50 fib sits right around $90 (about $1 off Wednesday's level). With new Delta data coming out, people seem a bit skittish about travel and leisure. So where to...
WYNN is scanning on A6 and is a setup that has a potential short squeeze. There is a wolfe wave on the 78 min ttm with AH ON which shows a potential target of 142. Opening weeklies or DTE > 7 with delta 40 for a directional move is something that I am looking to open at the opening bell tomorrow.
As wynn retests the range high support zone, I am looking for a further breakout toward the 120 area. As long as 100 holds the trend still appears to be bullish. Obviously the digitization of gaming is a huge secular shift but it doesn't mean that the incumbents like wynn wont prosper in the new environment. And I cant speak for anyone else but a weekend at a wynn...
Overall - Down trend. However, market is forward looking. If investors believed in Biden Covid taskforce, they might enter into travel/leisure counters. Break above the descending triangle will show bullish sign.
EARNINGS ANNOUNCEMENT VOLATILITY CONTRACTION PLAYS: ... Screened for options liquidity and 30-day implied greater than 50% and ranked by "bang for your buck": ROKU (38/31/16.4%),* announcing Thursday after market close. WYNN (27/76/14.7%), announcing Wednesday (no time specified). SQ (43/74/14.3%), announcing Thursday after market close. PYPL (56/60/11.6%),...
Corridor Breakout graduating from a 2-month correction period. Note that vaccine-related news might make or break this trade, this is why I keep the stop loss fairly tight. However, I feel positive given today's news and the upside could be massive. Target price set at a new potential resistance line. - 3-month uptrend followed by a 2 month correction period...
Same chart pattern as Las Vegas Sands. Inverse head and shoulders chart pattern, rsi , cmf and macd are all looking good. Breakout coming soon?
I WOULD GO SHORT UNDER 70. OR YOU CAN WAIT FOR 67.42. IF WYNN BREAKS UNDER 67.54 IT SHOULD SELL OFF.
Moved though red cloud on the 1hr and 2hr - currently stuck in 3hr chop (in the cloud). When it escapes, look to first pink resistance above with green cloud support on right. We will see how 4hr and Daily react... Playing 90$ weekly calls. Good luck if you play!