I'm waiting for a pullback, so I've set a buy limit order at the bottom of the long trend channel @ MGM. Technical support: 36.6 + arriving MA(200). Fundamental support: The governor of Nevada said the casinos and hotels are gonna open on 1th June. Target price is 44.5 USD.
MGM has had an impressive rally last month with the rotation into value. We have a rising wedge formed and despite making higher highs, our indicators are making lower highs, indicating a disconnect and thus a bear divergence. When we break the rising wedge, I expect a decline, entering short and an additional short in the case of a retest of the lower boundary...
Just as fast as the news of COVID vaccine may have rallied the market this past week, the effects may be short lived as they were in the past when the realization that we still are a minimum of 6-12 months away from anything remotely resembling a normal society. With that said, companies like MGM will likely see another dump of their stock when investors realize...
Aug 11 Reuters:
BRIEF-NASCAR And BetMGM Announce Multi-Year Sports Betting Partnership
BETMGM TO OFFER LIVE, IN-RACE BETTING BEGINNING IN 2021
Aug 10 (Reuters) - Barry Diller's IAC/InterActive Corp IAC said on Monday it has bought a 12% stake in MGM Resorts International MGM for about $1 billion, sending the casino operator's shares soaring 14%.
Based on Technical Analysis the idea is to hold - Prices are moving inside the channel - no trend
Prices might go down to the bottom channel line or can brake the top resistance line.
It is too risky to go short at the moment - no enough signals.
💬 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...
Sell Short: Golden Entertainment Inc - Ticker: GDEN - Sector: Consumer Cyclical Industry: Resorts & Casinos
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Sell Entry: 11.33 to 8.30
Stop-Loss: Available to Subscribers
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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.
Hi, my name is Jacob Kovarik and I´m trading on stock...
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
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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.
MGM has 2 possible scenarios:
1- break the rising wedge right now and retest the support
2- go up in the wedge until the top of the wedge which is strong resistance at the same time and then due to some fundamentals like delay in opening Vegas or quarter reports decrease. lets observe next 4hrs candles and then we can be more confident.