this stock has absolutely been beaten down towards the all time lows and taking a position in this company at this level can give some good rewards. The parent company WYNN RESORTS has a household name in the US in Casino and resorts segment. the company has gone through some rough patch in the last 2 3 years primarily due to Covid restrictions around the world....
the price can't stay above the red ray for 5 month, even the price increase above the red ray, but can not stay for steady
First of all, the casino was not open yet. The income is not more than cost. The red ray is a big resistence position
Which will you choose ? Going to the casino or heading to the pharmacy or supermarket? Casino is at best a leisure activity where people go to have fun, make or lose money in the casino ,etc. But when the situation is like now - chaos and uncertainty over the coronavirus, the casino is likely to see lesser and lesser visitors. Where is the fun in gambling or at...
Major Crossover with Higher Mov.Ave gives stronger direction of Impending Trend Change ... esp with Volume follow thru.
Wynn Macau Ltd HKG: 1128 Fundamentals: Since 2018. Wynn Macau is one of the one casino in Macau to capture most of high-roller gambling activity, consistently leading Macau on the VIP drop. Galaxy and Wynn contributed to close to 45% to the VIP volume. Why VIP Volume? Investors place heavier emphasis on main revenue driver, revenue numbers, which are mostly...