Nice Bull Flag Break Out on the Shanghai Casino Data. All the indicators, chart patterns, & moving averages say nothing but Bullish. Earnings coming soon too. Personally, I'd like to see a little bit of pull back to test the 200 MA for buy opportunities.
The month of April has been very good to us and to $WYNN.
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Wynn has shown continued strength and analysts upgrade has helped propel it higher. $157 is our target
Recent weeks have taken a bit of the heat from the casino stocks. Positive talks with China, improving revenue from Macou have given investors a more positive outlook. Despite today's report about the cover up involving the misdemeanors of...
WYNN topped out in May of 2018 at $200 and has since plummeted. The great S&P recovery of 2019 has taken this stock from $90 to $125 in just two short months. We currently find WYNN in a downtrend, counter to its more intermediate-term uptrend.
From a fundamental perspective, WYNN is seen to be very tied to the China trade war due to their presence in Macau. ...
WYNN had a rough second half of 2018, dropping from $200 to $90 over six months. The stock has been trading sideways since its October 30 low, but it looks ready to continue its sell off with the completion of an expanded flat correction. There a clear three wave rally in Wave A, followed by a three wave move to a new low in Wave B. The subsequent five wave move...
WYNN reversed off its resistance at 118.82 (100% Fibonacci extension x2, horizontal swing high resistance) where we expect to see a drop to its support at 110.52.
Stochastic has reversed off its resistance where a corresponding drop could occur.
ADDYY is approaching its resistance at 118.82 (100% Fiboancci extension, 23.6% Fibonacci retracement, horizontal swing high resistance) where we expect to see a reversal to its support at 110.14.
Stochastic is approaching resistance at 96% as well where a corresponding reversal could occur.