MGM RESORTS INTERNATIONAL NYSE:​MGM

Potential cup and handle rally for MGM. See if the stock finds support at a low of $29.38 and is coupled with a volume spike on the upswing. Watch for a breakout past the purple line, let's see where this thing goes.

Bulls at cashier desk asking for more credit.

see chart, not a financial advice

$MGM popping on chance of union deal. I like $WYNN $LVS more

Hunting the dips in decent companies after hysteric sell-offs. That's what I'm doing in US stock markets. The other strategy that gave profits was buying into undervalued sectors with great perspective, which I don't do now, as the last sector I believed in was the IT-related (FB, AMZN, GOOG, BABA) and it was all fun and games until this year where it just doesn't ...

$MGM Oversold at Support - significant bullish options activity as well

This is not the first idea that I share in the Consumer Services Industry, what happens is that I do not listed them, as I did with the financial Industry (#1, #2, #3, etc) I post series of ideas that correspond to a particular industry for example: I have shared a lot of technology companies (too many technology companies) I have shared several Basic Materials ...

MGM has completed a deep bearish crab and has also completed an internal bearish AB=CD pattern. With both patterns completing in the same zone, this is a good indication of momentum shifting to the downside. Deep Crab - 1.618XA - 2.618BC - AB=CD AB=CD - .382/2.618

Monthly view of MGM Well I think in the long term view MGM can go to 57.80 and later on close to 92.33. For 57.80 I am more confident because it's the high of the channel where the prices are. For 92.33, maybe I'am crazy... but it's not impossible. What I can say is, lets go to 57.80 first, then we will se how prices react on this level. :)

Casino industry has shown good relative strength in recent weeks with WYNN & LVS recently making all-time highs. MGM had to absorb the fallout from the Las Vegas massacre on 10/1/17 but now also has broken out to a new all-time high, confirming the rest of the group. WYNN has the strongest RS, MGM the least.

LT Trend Higher

$MGM is looking to come out of its base that is has been consolidating for the past 6 months or so. Daily and Weekly both good look to continue the strong uptrend.

Long Term Trend Following and prediction

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Still believe this one will turn around, even after getting stopped out on the first attempt.

Double or Triple top - Price has broken below resistance. I do not is any resistance until price hits $27.

W1 - Double cycle, price respecting 61%. We might see a range. If there are no buys from the zone where the price currently is, we will be looking for buys in the next zone. D1 - We have a range, price is at the bottom, we might expect it to reach the top. H4 - Intraday cycle, bullish divergence, price reaches the magnet zone. Aggressive - Wait for breakout ...

After spending many, many hours on Jeremy Newsome's RealLifeTrading website and Youtube channel, I've come up with a strategy of my own and will begin documenting each trade for learning and adherence purposes. My Rules: - Only Buy during Accumulation or Distribution phases - Price MUST be caught between my S/R lines, mapped using the Daily chart - Price MUST ...