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! 💘
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.
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Wynn 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.
A 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 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...
Huge 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...
It 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
Bad 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...
The 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.
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...
reopening 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...
