MGM breaking out to the downside. Now wait for a pullback for the next short entry or start building your short entry. Short entry around 39-40 Target 1 - 35 Target 2 - 30 Target 3 - 25 Stop loss- 45
MGM Resorts International (NYSE: MGM), a prominent operator of global casino resorts, has seen a notable influx of investments from major institutional firms in recent months. The company's robust revenue growth and promising expansion into new markets fuelled the growing interest from investors. Key growth highlights include MGM China's significant 71%...
I had two trading signal trigger for MGM last week that could set the stage for some good up and down trading. My MACD overtraded signal fired on the daily chart on January 31, 2023 indicating the stock should move down over the next 10 trading days. This signal is accurate 94.297% of the 264 studied occurrences. There is a delay to the downside action that occurs...
If you haven`t bought MGM during the Covid pandemic: Then analyzing the options chain and the chart patterns of MGM Resorts International prior to the earnings report this week, I would consider purchasing the 39usd strike price Calls with an expiration date of 2023-12-15, for a premium of approximately $1.73. If these options prove to be profitable prior to the...
Casinos are rolling, China reopening, lots of high rollers with pent up demand. MGM price action looks great. Watch for this one to break through it's 52 week highs around 45-46, this chart leaves room for MGM to run plenty if it can break through that resistance
Vici properties is showing weakening in its trend. This has been directly tied to the weakness in XLRE - real estate We believe VICI properties has much more downside. This specific Real estate play also has much property exposure to the casino type names. With many of the Casino charts like MGM, LVS looking "topheavy" this may be a correlated play that already...
MGM was down as of yesterday's closing bell as it tried to re-test its support area at 38/share. We are seeing two occasions when this stock bounced back from higher lows in July and in October. If this continues, we're likely to find the stock bouncing from yet another higher-lows between 32-33 in January.
expecting a bounce here - will see what happens at the line. Might break and come back over
NYSE:MGM Possible Scenario: LONG Evidence: Price Action This is my idea and could be wrong 100%.
Love the hammer, love the volume, love bearish candle closed above MA10, nothing in our way up to MA 200. Let's rock it!
IF this trade does not work, one Real life trader will get a weekend at the MGM on me ;-)
Bull continuation can be seen following a downward period, this allows a comparison between two separate rising wedge / ascending triangle points Following this rising wedge a larger bull move is observed, this is what we are awaiting currently for the second situation
7th May 2022 Revisit MGM after 1month. Volume seem like picking up while price dropping. Once $38 give way, we shall see 35 follow by 30 (depend on overall market sentiment)
Resisted by 78% Fibo with shooting star candle. Bias on downside. 1st minor support at $35, break below will see $30 at next support level at 50% Fibo
This stock has more than doubled since my first call: and now the American Gaming Association estimates that $7.6 billion will be spent in wagers on this year`s Super Bowl! That`s 78% higher than 2021. The record breaking year could mean a record price for MGM stock as well, now that MGM Resorts International is seeking more international exposure as well. MGM...
So I want to sell my house and put it all into MGM. We are breaking MULTI-DECADE resistance here! On the monthly chart, we haven't seen these levels since 2008. On a weekly chart, we broke over major resistance last month and have continued higher. Just off our relative highs, we didn't quite make it to the 1.618 extension. This pullback to the 50 ma and touch of...