Text-book ellipse breakout with expanding volume, what a beauty! Huge upside potential, $PENN is looking wonderful too. Yeah I said it....ellipse breakout!!
*WE'VE ACCIDENTALLY PUBLISHED PRIVATE IDEAS* From a trade earlier this month, we traded a credit spread opportunity to the downside on Mattel ($MAT). Check out our articles for more about this trade as well as our trades on $TWTR and $WYNN this month.
WYNN is still under accumulation and will be in it for a while. If it breaks down though, watch out. Not saying there are no trades to be made here. I'm just observing its behavior.
If stock indexes continue to explode upwards this could be a nice long opportunity.
simple chart, WYNN is range bound and WILL hit 88.5 in Dec2016. stops at 107.5, limit order in at 88.75
WYNN - short setup - (hourly Chart) - DayTrade
$WYNN - short setup - (hourly Chart) - DayTrade
WYNN looks to be breaking out of a range, though more consolidation here first would be best
$WYNN descending broadening wedge within channel up, to gap fill. Void if channel breaks to downside.
after such a robust NFP readings and formation of cup an handle pattern.. buy setup. buy when the price closes above 50% retracement.
WYNN saw DISTRIBUTION into resistance April 7, 2016; however, when support was tested there was no selling pressure. Friday's close is the highest close in 10 months. 150 sma crossed over the 200 sma in May Bullish ascending channel 18% upside to retest demand where longer term supply is established. This would also close the April 2014 "GAP."
LVS is a great review of accumulation, markup, distribution, and markdown cycles. Price action looks like we are seeing some accumulation. Recommend remaining CAUTIOUS on an entry as supply or selling demand looks to be present. If shares are not controlled by "strong hands" we may still see some volatility to shake "weak hands." Add LVS to your watchlist
Unfortunately, I was fiddling around so much with setups in index ETF's and GLD last week that I didn't get a chance to do a single earnings play ... But it's all good. Naturally, if volatility remains high in SPY, DIA, QQQ, and/or IWM, I'll continue to work those. However, while I'm waiting for some kind of bounce to occur to leg into the short call side of...
Overall Bearish trend. There are short term opportunities at critical price levels.
Simply wynn has beated earnings previously after having earnings misses consecutively. We have the stock picking up momentum and buying action in anticipation for the next earnings call in February. Traders have overall good sentiment in the company and are looking to get long early. Im long at C if we rally before earnings or if we have good earnings i will be...
Some stuff hits my high IVR/high IV radar over and over again. WYNN is one of those, with an IVR currently at 100 and an IV at 81. Some caution is in order, though, since ordinarily I like going 45 days out and WYNN's earnings are due to be announced on 2/2, so I want any setup to expire somewhat before that so I don't get caught in a volatility expansion (that...
Go long or short depending if price goes above the red line on top or if it moves below the bottom line