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WYNN RESORTS LIMITEDWYNN RESORTS LIMITEDWYNN RESORTS LIMITED

WYNN RESORTS LIMITED

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WYNN trade ideas

$WYNN Breaking Out?NASDAQ:WYNN Looks like it may be breaking out over the horizontal area of resistance. The 40 Week MA is just above and would be nice if it can break above that too. It is above all shorter term Moving Averages including the 50 Day MA in red. Wynn is rated as an outperform or buy by many brokerage houses with price target well over $100 per share. I have started a 1/3 size position today with a stop just under the day low. I will look to add once it gets over the 40 Week MA and consolidates. All TBD. Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.
NASDAQ:WYNNLong
by jaxdog
$WYNN - Double inside day & Launchpad setupSince the market seems to be in a 'confirmed' uptrend (HH & HL + increase in breadth), it's time to be bullish again! Top idea for next week: Wynn Resorts ( NASDAQ:WYNN ) Buy with break of the High of the day c. 110.4 Reasons: - Double inside day in the upper wick of a positive High Volume candle (analyst upgrade and positive news) + confluence of 10,21 and 50 day ( launchpad ) - Tight consolidation with shakeout since the beginning of february - Bullish momentum since november - Positive Earning momentum + good fundamentals (EPS q/q & sales >30%) Stop-loss: - Low of the second inside day 108.98 - If breakout happens, stop loss could be 10day MA or AVWAP of HV day PT: - First area of resistance ca. 117 (partial) - Fibs: 125 - Or following the 10/21 MA Follow price and volume + fundamentals ! No investment advice
NASDAQ:WYNNLong
by UnknownUnicorn7024067
Watchlist 2023-04-03 $SPY $RIG $ISEE $RUM $ASTS $WYNNSPY - finished strong last week with a wide body bar holding most of the gains and ending over the key resistance levels. Remember, for a trend day we'll need to see the $ADD pinned near +\-2000 and $VOLD ratio over +/- 3 and $TICK cumulating past 0 wicking to +/-900. Oil stocks - higher as a group with crude trading up more than 6% premarket the move following a surprising announcement by OPEC+ to cut more 1.1m barrels per day of current production, which had a jolting effect on the O/R markets. $RIG - secures contracts worth 113 mil. _ news from 4 days ago but paired with the oil production cuts and the daily buy setup this looks poised to rise. Most of the other oil names look extended into supply areas. Only looking for support retest trades other than with RIG. $ISEE - no news that I can see (no pun indented) but gapping into yearly highs with room to fill the unfilled gap form 2022, at 30. Up 2,5 ATRs at 1.3 RVOL. If RVOl picks up there could be a BO trade for a trade through the opening print. Other Watches $ASTS - over 5.36 $RUM - over 10.50 $WYNN - over 116.50 after consolidation, don't want to take the first break
NASDAQ:WYNNLong
by UnclePennybagss
Overbought/Rising WedgeWYNN has had quite a run. Price is overbought on RSI set on 80. The Rising Wedge is not valid until the bottom trendline is broken. A rising wedge is a bearish signal. Rising wedge patterns indicate the likelihood of falling prices after a breakout through the lower trend line. Rising wedges have both trendlines sloping upward and narrowing at the apex. Price can break up from a Rising wedge but in the end this pattern is bearish and causes an imbalance in supply and demand. No recommendation.
NASDAQ:WYNN
by lauralea
WYNN 6 JAN 23 85/ 20 JAN 23 80BULL PULLBACK SET UP: Since about the end of June this year, WYNN looks like its been gaining momentum towards the upside. At the beginning of November, the 20 day crossed over and upward movement continued bringing it back to the upward trend line from the June/July lows and is now high basing with a pull back to the 9 day and area of support at 75ish. The bull pull back brought this stock back to an area of support at 75ish and today it's trading above the previous days candle triggering an entry at 78ish. No stops will be applied as I will be positioned sized for max loss. DIAGONAL SPREAD STRATEGY: Even though the entire market is down today, This stock held up pretty well today which is part of the reason I got in. It likes this 78 area and looking like it wants to break out of here. Because it gapped higher from the previous days high and held up on a down day, it solidified my entry and timeframe. My target was determined by being aware of my higher upward trend line that was also recognized multiple days the back half of July. A couple outcomes I had in mind. My first, is that we break out of this resistance area of 78 within 2-3 weeks. We could possibly base between 75 and 78 this week and then breakout. Second outcome could be that we pull back more to the 20 day or 50 day and test the lower upward trend I drew by.... lets say..... by December 9th or 19th, that would be around the 71 or 72 area and then continue higher between this channel to get to 85 six weeks from today. So if this decides to go against me and fall apart, I'll be set up for max loss and I'll move on to the next trade. If this trades sideways for the next few weeks I'll still have enough time for this to break out. If not, I'm set up for max loss. If this goes higher than my 85 target, I'll close out the entire combo before the 6th. I'll also watch this if this decides to fall back down into the apex of the trade.
NASDAQ:WYNNLong
by motaman1985
Wynn Resorts (NASDAQ: $WYNN) Showing Mucho Bullish Divergence!🎰Wynn Resorts, Limited designs, develops, and operates integrated resorts. Its Wynn Palace segment operates 424,000 square feet of casino space with 323 table games, 1,035 slot machines, private gaming salons, and sky casinos; a luxury hotel tower with 1,706 guest rooms, suites, and villas, including a health club, spa, salon, and pool; 14 food and beverage outlets; 107,000 square feet of retail space; 37,000 square feet of meeting and convention space; and performance lake and floral art displays. Its Wynn Macau segment operates 252,000 square feet of casino space with 331 table games, 818 slot machines, private gaming salons, sky casinos, and a poker room; two luxury hotel towers with 1,010 guest rooms and suites that include two health clubs, two spas, a salon, and a pool; 14 food and beverage outlets; 59,000 square feet of retail space; 31,000 square feet of meeting and convention space; and Chinese zodiac-inspired ceiling attractions. Its Las Vegas Operations segment operates 194,000 square feet of casino space with 223 table games, 1,751 slot machines, private gaming salons, a sky casino, a poker room, and a race and sports book; two luxury hotel towers with 4,748 guest rooms, suites, and villas, including swimming pools, private cabanas, two full service spas and salons, and a wedding chapel; 32 food and beverage outlets; 513,000 square feet of meeting and convention space; 155,000 square feet of retail space; and two theaters, three nightclubs and a beach club. Its Encore Boston Harbor segment operates 211,000 square feet of casino space with 184 table games, 2,766 slot machines, gaming areas, and a poker room; a luxury hotel tower with 671 guest rooms and suites, including a spa and salon; 15 food and beverage outlets and a nightclub; 10,000 square feet of retail space; 71,000 square feet of meeting and convention space; and a waterfront park, floral displays, and water shuttle service. The company was founded in 2002 and is based in Las Vegas, Nevada.
NASDAQ:WYNNLong
by RedHotStocks
1
Wynn Resorts (WYNN) A Harmonic gamble ??In early December WYNN was down nearly 50% from its high last year. Wynn Resorts has been one of the poster children of COVID related economic victims. A recent 23% drop, recovery and rally from a higher low suggests a possible short term bottom is in. This Gartley is a developing pattern and as such has a lower success rate than if it were fully developed. Let this get a head of stream and a suggested entry is above the $84 area. A potential target reversal area for a fully Gartley is marked. As suggested, there is a 1.6x risk/reward ratio. Always watch and go with the direction of general markets with particular emphasis to COVID case numbers, trends and restrictions. Do your own due diligence . This is educational not investment advice. S.
NASDAQ:WYNNLong
by Steve666
3
$WYNN IdeaWynn Resorts Ltd. is an American corporation that is a developer and operator of high-end hotels and casinos. Founded in 2002 by Stephen Wynn, former Chairman and CEO of Mirage Resorts. Manages two hotels in Las Vegas, three in Macau and one in Boston, Massachusetts. Based in Paradise, Nevada. Capitalization of $10.9 billion. Yesterday we approached the daily resistance level ($98) on long candles, rolled back at the close of the session, forming a shadow from above + on the premarket we approached the next resistance level. Entry with the expectation of a false breakout, stop for $ 100. Take 3%. NOT IRR.
NASDAQ:WYNNLong
by Trader_Ivankov