In uptrend, SMA50 as support
Support line confirmation
Breakaway Gap
Entry 127
Stop 120
Target 150
I am not a PRO trader. I trade option to test my trading plan with small cost.
The max Risk of each plan is less than 1% of my account.
If you like this idea, please use SIM/Demo account to try it.
WYNN is forming a flagging consolidation pattern. The entertainment sector has stayed strong through the rotation out in the market. I believe this will break through to 144 where it will meet resistance from last February before the pandemic correction.
Accommodation pent up demand means the big players will see upside moves first.
They also have a stake in sport betting so that adds to long movement
R is decent again and MACD good but not perfect
WYNN, LVS, CZR & MGM February comparison. Re-opening trades trend continue this week. Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Small incremental steps work : If you double a penny a day for a month it = $5,368,709. Good luck and happy...
WYNN has broken bottom trendline of a bearish rising wedge. I have had this since the double bottom (see prior charts) and that rising wedge was troubling me (O: But I hung in there even though I thought seriously about selling when I saw it. Maybe I should have/Who knows? Had I had a bad entry level, I probably would have sold it. But when you are up, it is...
EMA50 Crossed EMA200, Start of Uptrend
Consolidation in wedge
Avg. Size of Impulse swing is about 30
next demand is 100
Entry 108
Stop 91
Target 135
2/11/2021 Earning Date.
I am not a PRO trader. I trade option to test my trading plan with small cost.
The max Risk of each plan is less than 1% of my account.
If you like this idea, please use SIM/Demo...
As wynn retests the range high support zone, I am looking for a further breakout toward the 120 area. As long as 100 holds the trend still appears to be bullish. Obviously the digitization of gaming is a huge secular shift but it doesn't mean that the incumbents like wynn wont prosper in the new environment. And I cant speak for anyone else but a weekend at a wynn...
I’m Markus Heitkoetter and I’ve been an active trader for over 20 years.
I often see people who start trading and expect their accounts to explode, based on promises and hype they see in ads and e-mails.
They start trading and realize it doesn’t work this way.
The purpose of these articles is to show you the trading strategies and tools that I personally...
Hey my friends, WYNN RESORTS is in a bearish fake setup with low trading volume and aborted buyer's attempt. The TIMEFRAME shows us a penetrating bullish large volume of sales executed as the movement goes towards the VWAP. Strong potential to recover the losses expected from the penultimate session to fill the gap of bearish break and land on the upcoming high....
