WYNN, TIME TO BUY!Hello fellow traders and investors, WYNN has recently been selling off and it looks like it's found a support around the 100$ area. It offers a 35% ROI if it makes a recovery to the take profit area.
Entry: Now
Take Profit: ~137$
Stop Loss: ~97.50$
Technicals:
-RSI=Oversold
-Moving averages still indicating a downtrend
-Testing a support area
Fundamentals:
-Description: Wynn Resorts Ltd . is a holding company, which engages in the design, development, and operation of destination casino resorts.
- Market Cap: 12.25B
- Sales Last 12 Months: 1.87B
- P/E: X
- P/S: 6.56
- Debt/Equity: 51
- Sales growth Q/Q: -24%
- EPS growth Q/Q: 33%
- Profit Margin: X
- Short Float: 6.19%
Note: Some of Wynn's financials aren't typical like their debt/equity, their profit margin and their P/S caused by the recent pandemic.
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WYR trade ideas
Trades - Short term ($HES, $WYNN, $RCL - $IWM market outlook)I give up, trading privately sucks, I want to display my artistic talent and the trade along with it.
Its better personally for me to share my ideas, I am a lot more disciplined and focused that way. All I have is 24 hours, Damn.
Other binary option position I have from last week, $ADSK short, $NFLX short. From 2 weeks, $CVS long, $CAT long. Others are played out or expiring soon. So, no use revealing.
Will try to keep this habit of issuing new stock picks from my scan like the Covid peak times.
RectanglePrice appears to be in a rectangle which is a neutral pattern until a trendline is broken with a trend in that direction. One may see this as a double top and multiple bottoms. I suppose it depends on how you look at it.
A rectangle is a horizontal trading range and is considered a consolidation pattern. This one is close to the top so it may be called a rectangle top.
You can take the width of the triangle and project that width up or down to compute possible targets. This can go either way but folks do swing trade inside. Swing trading inside can be hazardous to your health as there is no way to know if there will be a partial rise or a partial decline.
No recommendation
$WYNN Wynn Resorts Ltd Bullish Setup
Hopefully you find the chart helpful in terms of Supports & Resistance etc.
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WYNN for the WINWYNN is scanning on A6 and is a setup that has a potential short squeeze. There is a wolfe wave on the 78 min ttm with AH ON which shows a potential target of 142. Opening weeklies or DTE > 7 with delta 40 for a directional move is something that I am looking to open at the opening bell tomorrow.
IRON TARIHi guys,
this week I found better opportunies buying options rather selling ( IV drop made options cheaper to buy)
So the strategy is basically the contrarian of my Tari Condor ( Have a look and subscribe for free!), and as you can see this trade is 4 weeks and 6% spread.
The sold strikes are 132 and 117, the bought strikes are almost ATM, it depends on your money managment, for a 65% of probability to get some profit.
But let's do some math: Tari Condor says we have only the 22% of possibilities that our sold options will both expire worthless. This means we have 78% of probabilities that the price will move over the sold strikes, higher than the 65% coming from the option chain.
So this time the odds are from our side, because now we play from the other side of the Tari Condor.
Enjoy your wallet!
Tari
WYNN Long In uptrend, SMA50 as support
Support line confirmation
Breakaway Gap
Entry 127
Stop 120
Target 150
I am not a PRO trader. I trade option to test my trading plan with small cost.
The max Risk of each plan is less than 1% of my account.
If you like this idea, please use SIM/Demo account to try it.