MGM for a TradeAfter an impulsive looking advance from the low, NYSE:MGM appears to have declined in a 3 wave move that remains contained by the price channel and the 50% retracement. She goes on my bullish setup watch list!Longby msinibaldi0
MGM - Bullish-neutral Iron CondorStock has sold off since Jan, and held the downtrend throughout 2018. Bearish momentum is slowing down, as if recovery is in the works (compare LVS idea); betting this bad boy experiences a slowdown, with price staying in the range or having a quick reversal of the downtrend. 21/22/33/34 FEB19 IRON CONDOR @ 0.25 CREDIT General plan: Roll if necessary & if possible mainly to reduce risk. Target maximum profit, unless significant profit appears early. Comment or direct message for discussion, or on other interesting ideas! Follow for updates.Longby themdtrader3
Long MGM because bull wedgeVolume trend looks good, volume profile indicates most of the recent volume is above where we are right now.Longby isosphereUpdated 113
MGM MegaphoneBased on the broadening formation, MGM could SOAR over the coming months. 40+by gghsusaUpdated 1
Cup and Handle for MGMPotential 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. by BoSlade1
Put buyers still controlling action $MGM July OI tells storyBulls at cashier desk asking for more credit.by JackyCharts1
MGM, a giant meeting expectations 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 show enough optimism to be considered attractive for significant annual returns. Therefore, the second strategy that rakes in profits is buying into illogical reactions of investors after the stock publishes positive news...sounds crazy, but this happens everyday. Today, we have MGM resorts. Results came out, all in-line with expectations to the cent, and I quote: "Q1 EPS of $0.29 in-line. Revenue of $2.82B (+3.7% Y/Y) in-line." Mind you, they have resorts in China now: "MGM China kicked in with a 25% jump in revenue to $596M as the MGM Cotai contributed. Adjusted property EBITDA was $152M vs. $145M a year ago." Great news right? -8% down in single day. So, I'll hunt for cheap stocks once the resistance holds, it has few of them in this region (red lines on the chart) so the one that slows the fall and keeps it there for 2 days should be good enough for me to enter and wait for the exit at 34 level. To be continued...by Repuzel111
$MGM Oversold at Support$MGM Oversold at Support - significant bullish options activity as wellLongby Triple_Barrel_Capital2
Now with Consumer Services IndustryThis 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 companies (Mining Companies) based in a bullish Gold-Futures A lot of Energy Companies with the argument of Bullish Oil-Futures even I find and shared a few Transportation Companies maybe 2 or 3 I have also shared some Health Care Companies, not many but I posted some and I also post Capital Goods and Consumer Durable Companies. where I'm going with this and why I'm not talking about technical analysis? Because the stock market does not revolve around technical analysis How the Stock Market Works is the more relevant, Correlation between industries, Interest Rates and the Stock Market, Gross domestic product and the Stock Market, Exogenous Events and the Stock Market and many more themes Do a google_search I can not post links, is against House RulesLongby Alex_Quiroga9
MGM Deep Bearish Crab & AB=CDMGM 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 - .382/2.618Shortby jlb17ww2224
MGM - Monthly viewMonthly 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. :) Longby stoneja1
Classic Breakaway gap on a 4-hour chartCasino 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. Longby jhains20
$MGM Threatening a big breakout on weekly and daily time frames$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.Longby deepiceman0
Simple S/R Strategy: Trade #4 - MGM Still believe this one will turn around, even after getting stopped out on the first attempt.Longby Myles-SlepianUpdated 3
MGM - Possible ShortDouble or Triple top - Price has broken below resistance. I do not is any resistance until price hits $27.Shortby ProsperitusUpdated 5
My Simple S/R Strategy: Trade #1 - MGMAfter 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 have bounced off of this support at least TWICE already - My stops will ALWAYS be 1R, and I will begin trailing my stop anytime a profit of 2R is reached - I may exit early where I see fit in effort to minimize losses - 3 open trades at any given time is my max - I must document how long the trade should last and why To Jeremy.... Simply, thank you. ~ MylesLongby Myles-SlepianUpdated 777