I see a positive divergence and a flag formation breakout is ready to head to fist target. Happy trading
looking good if it breakouts i will buy previously missed same pattern on silver monthly but will take this one for sure Reasons To Buy: Channel Breakout Trend Reversal Formation Excellent Risk To Reward Ratio Trade Financial Institutions Expecting Longs Consolidation in this region for a long term Stocks Shows increase in volume Indicators are turning positive
If Market closes below 18.20 Level which financial institutions are watching right now then i will be shorting it with take profits@ flag Reasons to short 1-Market in downtrend 2-Market moving in downward channel or wedge that retail traders know off 3- market showing vertical resistance on top 4-Market rejecting from upper vertical resistance 5- Market...
MGM is turning around. Major support at 16.18 and it should push to 24 within 2 weeks. Sell half and let it ride when it hits 24. 3/13
This trade is a bit late, however the risk reward is still favorable, considering how accurate these double bottoms with divergences tend to be. The time to make the best out of this trade was back in the summer in July, before the mini crash in August, or if you were brave enough (not me) right in August. The best trades for me are double bottoms with...
I'm not looking to buy into this until I examine the fundamental aspect of MGM Resorts, but most of us might already know that it hasn't been quite peachy for them during 2014, but what I find interesting in this is the above average volume at bid during the end of 2014 & Q1 2015. Which shows to me potential institutional buyers scooping up shares at a potential...
MGM expected to open at 21.05 for a Retest Gap. To learn to trade this strategy for free go to www.RealLifeTrading.com
Long over 21.70 via Dec 22-24 calls. Earnings coming up next week. Will trim half prior.
MGM brought huge volume yesterday to form a pin bar at support. This support level was hit with some momentum divergence and should hold. I am looking for a retest of 24.80s for a 1:1.5 RR ratio. Price has broken the high of yesterday, and this pullback should provide a good entry point of which to take advantage.
$MGM has been bouncing off a strong upward sloping support level since late April. Over the past week we have seen consolidation with small bodied candles and short trading ranges. After testing the 50ema yesterday, we closed just a few pennies above that level. I am looking to see a nice bounce off of this support line as well as off the 50ema. Will be keeping...
Japanese government is looking to legalize gambling. These two stocks are facing very large potential growth. Assuming they receive the necessary permits to establish casinos.
All the casinos have this similar pattern. Ugly day y'day, any bounces probably sold into.
Nice breakout on the daily, looks good for higher levels.