The idea is to go long. MGM Resorts (MGM) – MGM will reopen more Las Vegas casinos, following strong performances for the Bellagio, MGM Grand, and New York New York following their reopenings. The Excalibur will open Thursday, followed by ARIA, Mandalay Bay and Four Seasons Las Vegas on July 1.
Daily & Weekly charts look great, especially the weekly chart. Volume is Bullish PMO is Bullish MACD is Bullish Stochastic is Bullish Sector is Bullish Long! DISCLAIMER The Content herein is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
I am thinking this thing is poised to breakout with states reopening, and their casinos already being sold out for the month. It is already breaking resistance and I think it could hit one of these targets and possibly re visit all time highs. This is mainly based off momentum, elliot waves, and fibonacci targets and retracements. What do you think of this? I am...
Prices are moving inside a channel. Just hold and wait the right signal to go long for a long term investment. Short term, there might be a possibility to go short. It is still too risky to invest in the stocks/companies involved in the Hospitalities business.
The market seems to be bullish. Wait before buying as the prices might go down in a retracement wave.
I made a mistake and forgot to draw in the convergence. I always use a Macd. I hope this makes the picture clearer. Refer to my other post for a detailed analysis of the price gap. Cheers.
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.
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.
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
MGM Resorts International Sells Its Most Prominent Casino Recently, the Las Vegas Strip’s business landscape experienced two dramatic developments. It is when the MGM Resorts International sold two of its most outstanding casino assets. Moreover, Nevada gaming officials moved to bar a humiliated industry legend from doing business in Sin City. MGM Resorts has...