I had two trading signal trigger for MGM last week that could set the stage for some good up and down trading. My MACD overtraded signal fired on the daily chart on January 31, 2023 indicating the stock should move down over the next 10 trading days. This signal is accurate 94.297% of the 264 studied occurrences. There is a delay to the downside action that occurs...
If you haven`t bought MGM during the Covid pandemic:
Then analyzing the options chain and the chart patterns of MGM Resorts International prior to the earnings report this week,
I would consider purchasing the 39usd strike price Calls with
an expiration date of 2023-12-15,
for a premium of approximately $1.73.
If these options prove to be profitable prior to the...
Not financial advice
Said it all on the charts but I'd try to get an entry between 35-38.00 to take profits at upper end of this huge rising wedge that started developing way back in 2014 .
If we get a close above 58 and out of this rising wedge could be some big gains in store.
Let's just see how it goes.
But overall a very clean setups overall here on...
MGM Resorts Riding the Bullish Wave
MGM Resorts (MGM) is currently riding a bullish wave on the New York Stock Exchange (NYSE). The company's stock has surged in response to strategic moves towards sustainable practices and green energy investments. This shift has resonated with investors seeking environmentally conscious opportunities, propelling MGM to the...
I am very green to charting and identifying patterns, but MGM looks like it has bottomed out of a head and shoulders pattern. Placing calls at 41, 44, and 50. Noone should consider this advice and feedback/critiques are welcome.
MGM long position.
Market touched a lower Lin Reg and below MACD on H4.
Confirmation on H1 to take long position with 2 TP.
Tp1 at $47 and 2nd at $54.
SL at $41.67.
Warning!!!!
This content should not be interpreted as financial advice
Given the reliability of these trendlines in past trades, and macro environment very risk-on risk-off psychosis from week to week, there is a possible retracement coming up... we shall see...
would be a buyer at those levels shown
NYSE:MGM presents a compelling investment opportunity, offering substantial long-term returns of at least 50%. Also strong fundamentals serve as a solid foundation for its promising future performance.
Casinos are rolling, China reopening, lots of high rollers with pent up demand. MGM price action looks great. Watch for this one to break through it's 52 week highs around 45-46, this chart leaves room for MGM to run plenty if it can break through that resistance
NYSE:MGM
Quantitative Analysis:
- Earnings forecasted to grow and is above sector average
- Forward P/E estimates on a premium to sector and is positive
- MGM China outperform the market amid of industry recovery
- Ease of travel restrictions to Macau boosted market gross gaming revenue
Comments on Business
- Current quarter benefited from the inclusion of the...
The $MGM market has gained attention due to the hype of the Super Bowl, but don't be swayed by the noise! The charts tell us that this market is on the rise, with resistance at $50 and strong support at $44. The charts never lie, and they say that $MGM is ready to make a big play.
So, what did the charts say? They said: "Hold my beer, I got this!"
Join us as we...
MGM was down as of yesterday's closing bell as it tried to re-test its support area at 38/share.
We are seeing two occasions when this stock bounced back from higher lows in July and in October. If this continues, we're likely to find the stock bouncing from yet another higher-lows between 32-33 in January.
