Waiting on Check-In at Wynn Resorts
On a technical basis, Wynn Resorts (WYNN) is starting to look interesting to me. The larger pattern in Wynn is considered bullish, as indicated by the pattern of higher highs and higher lows. The recent pullback since the May 2 high is bringing the stock closer to a support decision, the April 10 swing low, and if the price can hold above this level, this bullish pattern will remain intact. Thus, I'm looking at precisely that level for a possible buy.
There is a wider price cluster of support in this stock that comes in between $124.19 and $128.38. We can actually break this down into two smaller zones, $124.19 to $125.69 and $126.65 to $128.38. This price support decision includes some key Fibonacci price retracements, a couple of price extensions and with some key price projections....358 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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