Consolidation/Retrace OR Continue to rally after a small pause. Interesting spot.
Every dollar down here is a pressure on shorts to cover!
WYNN -ve divergences here and has to clear it before next leg up. Most likely another 2 weeks to let May options expired by then. 120 is around 50% Fib support for now.
Closing above 164 is a good retrace of 62%. If Earnings call on Cholestrol drug reports promising future, we should see back to 180s soon. Long/Mid/Short nicely reset the oscillators after the last month crash.
Long term needs a break around 11 on monthly basis.
Strong resistance around 100. Fib pivot around 87. Strong support 60.
Decision time. Only cloud hardware company which is closing around 40 for last 3 years.