💬 MGM International Resorts (MGM) is rolling out its new 'Viva Las Office' campaign to get people to work from Vegas. That could help drive business to MGM properties, which could be why the market is showing us some bullish options flow and decent price action. While we are skeptical this single event makes a giant impact, we think all these factors together...
RSI at a key decision point. I would manage risk at green downtrend resistance. Target price is 12 dollars. MGM has been showing relative weakness the last month as market has gone up.
Hello traders, Description of the analysis: MGM Resorts International investment opportunity. I already invest to this stock with big potencial. I bought 462 pcs of shares. Trade what you understand, trade carefully and sparingly according to the business plan. This is not investment recommendation. About me: Hi, my name is Jacob Kovarik and I´m trading on stock...
Hi traders, After an indecisive start of Friday's trading and one false breakout later, I managed to both enter and exit pretty nicely in MGM, making it probably the nices trade of the month. Ending up slightly down for the week though. Trades: 1) MRO - LONG @6.81, -0.70% 2) MGM - SHORT @19.09, +2% *In my ID trades, I risk 1% of the account per trade and go for...
MGM is making a higher high higher low structure. Healthy volume can be seen with the uptrend. Price was supported at 50 EMA with the Thursday retracement. I expect more potential downside this coming week with the last week bearish engulfing close. 6-17 is a good low risk long entry. Have patience and trade well.
The idea is to go long. MGM Resorts (MGM) – MGM will reopen more Las Vegas casinos, following strong performances for the Bellagio, MGM Grand, and New York New York following their reopenings. The Excalibur will open Thursday, followed by ARIA, Mandalay Bay and Four Seasons Las Vegas on July 1.
Daily & Weekly charts look great, especially the weekly chart. Volume is Bullish PMO is Bullish MACD is Bullish Stochastic is Bullish Sector is Bullish Long! DISCLAIMER The Content herein is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
I am thinking this thing is poised to breakout with states reopening, and their casinos already being sold out for the month. It is already breaking resistance and I think it could hit one of these targets and possibly re visit all time highs. This is mainly based off momentum, elliot waves, and fibonacci targets and retracements. What do you think of this? I am...
Prices are moving inside a channel. Just hold and wait the right signal to go long for a long term investment. Short term, there might be a possibility to go short. It is still too risky to invest in the stocks/companies involved in the Hospitalities business.
Hi traders, when we are evaluating our sessions, it's critical to recognize OUR mistakes and EXTERNAL events. That's why although I ended up in a minor loss today, I am pretty happy with the result. My NEM trade "worked", but only after the institutional traders re-tested the opening prices which meant my SL was hit. Yes, losing money sucks, but seeing the idea...
The market seems to be bullish. Wait before buying as the prices might go down in a retracement wave.
DraftKings Inc. operates as a digital sports entertainment and gaming company. It provides users with daily sports, sports betting, and iGaming opportunities. It is also involved the design and development of sports betting and casino gaming platform software for online and retail sportsbook, and casino gaming products. I like this as a long term company too but...
US Casinos stocks are about to make 2008 look like a correction. Let me explain: US culture is not European culture, nor is it Asian culture. This is why I don't want to touch casino operators that derive most of their revenue from Macau, like Las Vegas Sands (70% of revenue is generated in Macau). Asians are comfortable wearing masks and do not have high rates...
Hello Investors, Last time I made a bold statement that probably was distasteful to read. However the divergence we looked at did work and MGM did drop, I'm happy about that turnout. I didn't make any money on the drop, but it tells me I'm in harmony with the market sentiment at the moment. Looking at the current 200 MA (close), I think the price will...
Breakout and pullback is complete, ready to bounce, Target $19-20
This is another example of a price gap being closed by future price. I believe MGM will go back to under 10$. Does that mean you should sell everything. Absolutely not. Keep some in the trade, possibly take some out and wait for it to go lower. Or if you have more money don’t be afraid if it goes back to under 10$. But personally I’d cash some out of the trade and...