WYR trade ideas
WYNN 6 JAN 23 85/ 20 JAN 23 80BULL PULLBACK SET UP:
Since about the end of June this year, WYNN looks like its been gaining momentum towards the upside. At the beginning of November, the 20 day crossed over and upward movement continued bringing it back to the upward trend line from the June/July lows and is now high basing with a pull back to the 9 day and area of support at 75ish.
The bull pull back brought this stock back to an area of support at 75ish and today it's trading above the previous days candle triggering an entry at 78ish.
No stops will be applied as I will be positioned sized for max loss.
DIAGONAL SPREAD STRATEGY:
Even though the entire market is down today, This stock held up pretty well today which is part of the reason I got in. It likes this 78 area and looking like it wants to break out of here.
Because it gapped higher from the previous days high and held up on a down day, it solidified my entry and timeframe.
My target was determined by being aware of my higher upward trend line that was also recognized multiple days the back half of July. A couple outcomes I had in mind. My first, is that we break out of this resistance area of 78 within 2-3 weeks. We could possibly base between 75 and 78 this week and then breakout. Second outcome could be that we pull back more to the 20 day or 50 day and test the lower upward trend I drew by.... lets say..... by December 9th or 19th, that would be around the 71 or 72 area and then continue higher between this channel to get to 85 six weeks from today.
So if this decides to go against me and fall apart, I'll be set up for max loss and I'll move on to the next trade.
If this trades sideways for the next few weeks I'll still have enough time for this to break out. If not, I'm set up for max loss.
If this goes higher than my 85 target, I'll close out the entire combo before the 6th. I'll also watch this if this decides to fall back down into the apex of the trade.
lovely breakout 🚀recently broke a bearish downtrend after cluster support bounce, also bounced from RSI support that goes back to its IPO.
rally to 83.48-105.53 is possible, it might slow down near trend resistance zone
Wynn Resorts (NASDAQ: $WYNN) Showing Mucho Bullish Divergence!🎰Wynn Resorts, Limited designs, develops, and operates integrated resorts. Its Wynn Palace segment operates 424,000 square feet of casino space with 323 table games, 1,035 slot machines, private gaming salons, and sky casinos; a luxury hotel tower with 1,706 guest rooms, suites, and villas, including a health club, spa, salon, and pool; 14 food and beverage outlets; 107,000 square feet of retail space; 37,000 square feet of meeting and convention space; and performance lake and floral art displays. Its Wynn Macau segment operates 252,000 square feet of casino space with 331 table games, 818 slot machines, private gaming salons, sky casinos, and a poker room; two luxury hotel towers with 1,010 guest rooms and suites that include two health clubs, two spas, a salon, and a pool; 14 food and beverage outlets; 59,000 square feet of retail space; 31,000 square feet of meeting and convention space; and Chinese zodiac-inspired ceiling attractions. Its Las Vegas Operations segment operates 194,000 square feet of casino space with 223 table games, 1,751 slot machines, private gaming salons, a sky casino, a poker room, and a race and sports book; two luxury hotel towers with 4,748 guest rooms, suites, and villas, including swimming pools, private cabanas, two full service spas and salons, and a wedding chapel; 32 food and beverage outlets; 513,000 square feet of meeting and convention space; 155,000 square feet of retail space; and two theaters, three nightclubs and a beach club. Its Encore Boston Harbor segment operates 211,000 square feet of casino space with 184 table games, 2,766 slot machines, gaming areas, and a poker room; a luxury hotel tower with 671 guest rooms and suites, including a spa and salon; 15 food and beverage outlets and a nightclub; 10,000 square feet of retail space; 71,000 square feet of meeting and convention space; and a waterfront park, floral displays, and water shuttle service. The company was founded in 2002 and is based in Las Vegas, Nevada.
setting up for a rally, must break 100 psychological resistance⍼ pretty simple chart here, if we break above 99.2-100 local resistance we can target 112.14-123.29, if we fail to break above we most likely head back to 89-90 range then bounce. like and follow for more! 💘
Wynn Resorts (WYNN) A Harmonic gamble ??In early December WYNN was down nearly 50% from its high last year. Wynn Resorts has been one of the poster children of COVID related economic victims.
A recent 23% drop, recovery and rally from a higher low suggests a possible short term bottom is in.
This Gartley is a developing pattern and as such has a lower success rate than if it were fully developed.
Let this get a head of stream and a suggested entry is above the $84 area.
A potential target reversal area for a fully Gartley is marked.
As suggested, there is a 1.6x risk/reward ratio.
Always watch and go with the direction of general markets with particular emphasis to COVID case numbers, trends and restrictions.
Do your own due diligence .
This is educational not investment advice.
S.
Possible reversal on wynnWynn seems to have broken its falling wedge.
Will look for it to retest and possibly move back up.
Can be a good long term hold also or swing play to 100&108.
This can be a good open up play as thing get back to normal. I expect this to be up by summer if not sooner.
DYOR.
WYNN 45m Wolfe Wave bullish completed 11/28A Wolfe Wave is a chart pattern composed of five wave patterns in price that imply an underlying equilibrium price. Investors who use this system time their trades based upon the resistance and support lines indicated by the pattern.
$WYNN IdeaWynn Resorts Ltd. is an American corporation that is a developer and operator of high-end hotels and casinos. Founded in 2002 by Stephen Wynn, former Chairman and CEO of Mirage Resorts. Manages two hotels in Las Vegas, three in Macau and one in Boston, Massachusetts. Based in Paradise, Nevada. Capitalization of $10.9 billion.
Yesterday we approached the daily resistance level ($98) on long candles, rolled back at the close of the session, forming a shadow from above + on the premarket we approached the next resistance level. Entry with the expectation of a false breakout, stop for $ 100. Take 3%.
NOT IRR.
WYNN If WYNN can survive earnings. you have potential IHS with a harmonic type 2 reaction. (Higher Low)
Wynn breakout Long over 94$
stop loss 93$
oscillators are bullish.
1st tp would be gap close at 99.70
2nd Tp 120
WYNN Gap FillHuge gap overhead, this is a coin flip with great risk to reward; the upside being $99. Travel has also been beaten up, and in a tough spot with the holidays coming up, but the chart looks good on the daily, and volume dropping off, there could be a big move coming here. Something to keep an eye on. Trade is no good with a daily close below $82 but also one of these plays where you shouldn't hesitate to buy in higher.
An interesting pattern WYNNIt is interesting how the price has formed these patterns which are exactly the opposite and result in exactly the opposite outcomes
Kinda like they are pairing themselves together?
Thought it was worth a post
Pull Back FishingBad news event causing a gap down 2 days in a row. Eventually WYNN will hit a bottom. Yearly low is 67.70. I like this stock and I am wondering if perhaps there has been a bit of an over-reaction to the news?
Once this finds a bottom, hopefully there will be some consolidation which I do not see as of yet. Rarely would price gap down to this extent then come shooting back up. Getting off the bottom or recovering from a gap down can be a long painful process for some securities. I haven't looked today at all of the casino stocks, but I did glance at LVS and it is not far from hitting a 3 year low. Just glanced, but possible Double bottom for LVS with a green candle today.
It can be awfully dark down here at the bottom, and bear flags may try to get you on the way back up as well as cats bouncing on you. LOL
A dead cat bounce occurs after a significant gap down. Most often there is a downtrend preceding the gap down. During a dead cat bounce, price will bounce up possibly due to folks hoping they bought at a low price, but is short lived, as those who are stuck in the security, sell during the bounce, which causes another decline.
A bear flag slopes up as a rule in opposition to the current downtrend. It represents a rather short rally up that once again, causes a price decline. There will be a pole, but bear flags occur after a sharp move down and the pole length can be used to get targets to the downside. But just as bull flags can break to the downside, a bear flag can break to the upside.
Trading bottoms can be rewarding, but can also be hazardous to you mental health. Patience can pay off when one does diving, waiting for a sign that price has truly bottomed. No recommendation.
Wynn - Sports Betting Apps - WynnBet - DraftKings CompetitorWake up Ponzi Poggers. There's gems everywhere. NOMO FOMO. *valuation matters
Dollar Cost Average if need be. Hold for years.
WYNNMID-TERM: Descending broadening wedge, bullish crab, iceline, classic bullish divergence. (not financial advice)
WYNN taking a fat LThe market is looking like it wants to dump. I hope not but anything with a decent setup is failing to follow through right now. $89 puts expiring 9/3. No sense in taking lumps when we you can profit on the way down.
Gambling on WYNN?WYNN is now approaching a VERY important level right now at the 50 fib line. Using the pandemic low as the anchor and this year's high, some important levels have begun to reveal themselves. Right now the 50 fib sits right around $90 (about $1 off Wednesday's level). With new Delta data coming out, people seem a bit skittish about travel and leisure. So where to go from here? Upcoming earnings are near-term potential catalysts, meanwhile, it's still a bit up in the air which way the wind will blow when it comes to potential lockdowns/ restrictions, etc.
If you look at what the outlook seemed to be earlier in the year before the Delta data started flowing, optimism was apparent: Travel Pulse recently shared findings from a survey of more than 5,800 respondents. Here are some of the findings:
-61% feel hopeful about travel in 2021, of whom 83% will take two or more domestic trips, and 44% plan for two or more international getaways.
-Approximately 83 % of hopeful respondents plan to take at least two domestic trips, and about half as many (44%) are targeting two or more international getaways in 2021.
-More than one-third of respondents (35%) indicated the importance of face mask requirements.
When you factor in the outlook for the hotel industry, prospects appear brighter than some may think. The American Hotel & Lodging Association expects a few key hot points to lead growth:
Hotel occupancy in the United States for 2021 is expected to average 52.5%, up from 44% in 2020.
Occupancy rates are projected to rebound more significantly in 2022, reaching 61.4%.
Hotel room revenue is expected to climb from $85 billion last year to $110 billion this year
Business travelers are expected to be a driving force for a return to leisure travel.
Early aspects and Read More: Looking For Penny Stocks To Buy Now? 5 Travel & Hotel Stocks To Watch
$WYNNreopening play, super simple, wait for break above EMAs and play it intraday or swing for a couple days if momentum and continuation there, not looking for crazy return, learn to make money when others complain about there not being opportunies or it being slow by expanidng arensal if you cant trade intraday because no set ups okay overnight set ups? swing set ups? have tool belt
WYNNFalse breakout in the pink circle is not a good look imo. Probably heads back to $76. I assume most "reopening plays" will follow as well.
