MGM Resorts recently hit a new 13-year high, and now it’s pulled back. The main feature on today’s chart is the breakout above $45.10 in early October. It proceeded all the way past $50 (for the first time since 2008) before knifing back to retest the breakout level. Next, the current price area is near the 50-day simple moving average (SMA). Third, the recent...
going to pick up some december puts - expecting at least a $3 drop MGM doesn't have a PE right now and at ATHs
Stock is in correction on a monthly Timeframe from 2007....stock expected to complete correction soon...if stock breakout of price 51 then stock may see levels of 93 in next one year...with SL 35..
Todays consolidation candle was a healthy consolidation, might be forming a 3-4 bar play possibility. Will be keeping an eye out for entry at the bounce of the red candle low or at the break of ATH.
Long Daily close above $45.29 looks good after consolidating since june.
As a rule their will be resistance at long entry level. Bearish harami at this moment. This daily candle can change by close. The bearish Harami reversal is recognized if: The first candle is long and bullish and continues the uptrend; The second candle is short and its body is completely engulfed by the first candle's body. A third red candle day would form a...
Option 1. Local 5th wave is part of the greater third and expended flat to b wave will be formed with targets at 1.236-1.382 FIBO. after that we go down and complete the fifth, after which the third wave will be completed and there will be a long 4ka in the sideways. Option 2. We have only reached the local 3, an abc correction has already taken place (you can see...
MGM building a nice bullflag on daily and weekly and ready for a breakout probably this week...TP weekly 48.52 🚀🚀🚀
Football season is here! NFL and NCAA football bring in the most volume/revenue for the books. I used the BARS PATTERN tool and captured the 2020-2021 season (August 5th- Feb 8th) then moved it over to the upcoming season. There's are a ton of different factors that effect price action but I think this is a nice start to charting out the season.
Need some hedges, for now I'm shorting Vegas on potential of mask mandates, cancelled trips etc..
Look for a momentum breakout candle on the resistance line.
NYSE:MGM has a big rounded top pattern that looks ready to break. Today's bar pierced through the trendline convincingly and I think it is ready for a big drop.
It looks like; we have some ascending triangle patterns however, I have some concerns. We had a big red candle, after the earnings announcements. I am planning to wait for a smaller pullback, if we manage to hold that 41.14 level (which is very important), then I will go long.
Self-explanatory wedge, MGM is ready to move up the resistance line around $42.35. TP at $55 Any thoughts? Good luck to all! (*This is not financial advice, for sake of discussion and illustrative purposes only*) If you like the idea, do not forget to support with a 👍 like and follow.
BOUGHT A FEW OPTIONS IN THIS ONE, NICE VOLUME TODAY AND BROKE ABOVE 10 EMA.
Mission Statement Over the course of the last decade, MGM Resorts has engaged in a sweeping transformation, building a new Company on an entirely new trajectory and forging a single, unified vision about who we are and what we do. Our Las Vegas roots are a proud part of our history and a signature element of everything we create, wherever we may go. In our eyes,...