This is another example of a price gap being closed by future price. I believe MGM will go back to under 10$. Does that mean you should sell everything. Absolutely not. Keep some in the trade, possibly take some out and wait for it to go lower. Or if you have more money don’t be afraid if it goes back to under 10$. But personally I’d cash some out of the trade and...
MGM has 2 possible scenarios: 1- break the rising wedge right now and retest the support 2- go up in the wedge until the top of the wedge which is strong resistance at the same time and then due to some fundamentals like delay in opening Vegas or quarter reports decrease. lets observe next 4hrs candles and then we can be more confident.
Mgm is testing the immediate downtrend. Still not broken. RSI downtrend is holding too
Watch Daily close Short -NFA
MGM has broken uptrend support. Daily RSI did not break the downtrend. It looks a good opportunity to short. Disclosure I bought puts and credit spreads last Friday.
$MGM in a very precarious position. It is bear flagging. RSI hitting still has not broken downtrend resistance and it is dangling on uptrend support. Disclosure: last Friday I sold may 15 15-17 call credit spreads above market price to finance some speculative puts
Hi traders, Let's do a daily recap! In my ID trades, I risk 1% of the account per trade and go for 2% (2:1 RRR) . Sometimes I adapt a little bit as you can see in the graphs. I had 4 trades, 2 winners and 2 losers . If I were to point out the least interesting it would be the W short. I had literally zero emotions towards that trade. It was going to...
MGM - Looking to break 12.53 or breakdown to 7.53-7.60.Would consider some January 2021 $10 calls for $3.87.
Huge put sweep on 3/20 $36 puts, this looks good below 17.23. These options do not move much so if this does drop below, ITM options afew weeks out will be a safe trade to make, it wont be more than 50% but it will be less risky than most
NYSE:MGP After the first breakout on the first rectangle ended in stop loss in May 2019, we are waiting for a new breakout on one of the companies we follow, MGM Growth Properties LLC. 55% of the trades in which we operate end in loss between 10% and 100% of the allocated capital. We are looking for trades that profit between 300% and 500% and even more if...
NYSE:MGP MGM Growth Properties has great potential to outperform the market. I believe that right now is a good pullback price and based on a DCF Valuation it is trading at a discount currently. $MGP is at a 6.57 Div/Yield rate and climbing. On top of the great dividend, it has shown solid Capital Appreciation and I'm looking for continuing growth. On top of...
looking for a move to 24.50 range.. or a bull flag. but a weekly death cross
When the markets finally have some solid pull-back, there are 2 kinds of stocks that will interest me to buy: 1. Strong relative strength (like my latest MCD trade) 2. Solid buy-low set-ups This MGM is the example of the second one. Also, there were some interesting trading stories between me and this stock lol. I'll be waiting for the 23.35 spot to long with...
Stock 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...
Price stuck at $4.90 for a few days (close to Fib Ext 100%) Harmonic pattern AB = CD. MGM expects to fall back to Fib Ret 38.2% or Fib Fan 50%
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...