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UnknownUnicorn1314136

Lotsa room left in this long term channel for gains...

Long
MGM Resorts International (NYSE:MGM)  
UnknownUnicorn1314136 Updated   
NYSE:MGM   MGM Resorts International
Trend Analysis Technical Indicators Chart Patterns
2
0
trendanalysis indicator chartpattern
MGM Weekly chart shown to get a better idea of the room left in the long(er) term uptrend channel following the steep drop. close up of the daily shown below. Can get in with minimal risk by playing Aug 16th options, I personally find the Aug 16th C31 at .44 appealing. Will be initiating position in the am. Reasons why are pretty self explanatory on the chart, seeing as resistance has been broken and underlying strength being shown in the RSI. I think this is a buy, so I'm rolling the dice and going all in this casino! (But not REALLY all in lol) Happy hunting!!
snapshot
Trade active:
Got in option given, Aug 16th C31 at .45. Sitting at .51 as of close, still holding above breakout to date. We shall see.
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