MACD turned bullish as well as Wolfe wave points to a hig of about $164
$WYNN Looking oversold after catching support yesterday just above $138, starting to bounce this morning. Expecting further price recovery in the near term. Several overhead gaps left open to fill. See chart for possible near and medium term price targets.
The S&P 500 broke down below its 50DMA again and looks set for a 200DMA test. This move confirmed earlier bearish signs. S&P 500 Breakdown Confirms Earlier Bearish Signals drduru.com $SPY $QQQ #AT40 #T2108 #VIX $IWM $CPB $NFLX $LEN $EEM $RHT $THO $WGO $WYNN $AUDJPY #forex
Short Wynn! Wynn is falling on big volume on a Big upday Stoploss: 192 TGT: 175
Hunting the dips in decent companies after hysteric sell-offs. That's what I'm doing in US stock markets. The other strategy that gave profits was buying into undervalued sectors with great perspective, which I don't do now, as the last sector I believed in was the IT-related (FB, AMZN, GOOG, BABA) and it was all fun and games until this year where it just doesn't...
Short assuming upper resistance line holds
Wynn Resorts recently went through some tough times after Steve Wynn's name was dragged through the mud. He has since stepped down as CEO and the stock looks to be stabilizing. This can potentially be a good long opportunity, given Wynn Resorts' excellent Q4 results and overall decent 2017. This is a risky play but can potentially have very nice medium-term...
Wynn Resorts dropped 1.7% to 181.62 as it forms the handle of a cup-with-handle base with a 192.85 buy point.
I bought the June $200 calls today, which provided the right amount of delta to have my stop below today's gap up candle. On the daily you can see that this gap is a gap-n-go since traders were shorting for the past 3 days (black candle gapping up). If we go higher, the bears will be forced to close their positions or take some serious pain. Let's see how...
WYNN stock is showing signs of a bottom and possible bullish reversal. RSI is improving and buy volume is increasing slowly. Watch for this triangle to breakout to the upside on a short squeeze for a possible $182.50 gap fill today and tomorrow. If gap gets filled immediately watch for follow through rally back to $200.
RSI is improving with selling pressure easing. Despite bad headlines I think WYNN can possibly breakout of this triangle this week. Purely technical but price could be moved to the upside with some news resolving the current problems with the CEO right now.
That 127.2 Fibonacci extension looks to be like resistance!? It will need to show some serious strength to get over this level.
Wynn broke up and now I would see it going sideway for a while. I would like to setup the neutral position. Position: Short Iron condor: July -1x140/1x145 call, -1x115/110put Premium: $1.4 PoP%: 64% Target: $0.7 (50% of the premium). Breakeven: $113.6 to $141.4
With Wynn Resorts (WYNN) continuing a relatively strong uptrend its bullish reversal move on 2/27/2017, the ticker pulled back almost to a closeout point at its middle offset moving average. But opportunity struck today with the only open risk remaining on earnings. The stock pulled a large momentum move as we scanned following our loss on Netflix (NFLX). We...