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MGM RESORTS DRNMGM RESORTS DRNMGM RESORTS DRN

MGM RESORTS DRN

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M1GM34 trade ideas

My Simple S/R Strategy: Trade #1 - MGMAfter spending many, many hours on Jeremy Newsome's RealLifeTrading website and Youtube channel, I've come up with a strategy of my own and will begin documenting each trade for learning and adherence purposes. My Rules: - Only Buy during Accumulation or Distribution phases - Price MUST be caught between my S/R lines, mapped using the Daily chart - Price MUST have bounced off of this support at least TWICE already - My stops will ALWAYS be 1R, and I will begin trailing my stop anytime a profit of 2R is reached - I may exit early where I see fit in effort to minimize losses - 3 open trades at any given time is my max - I must document how long the trade should last and why To Jeremy.... Simply, thank you. ~ Myles
NYSE:MGMLong
by Myles-Slepian
7
MGM Resorts Buy IdeaW1 - Double cycle, price respecting 61%. We might see a range. If there are no buys from the zone where the price currently is, we will be looking for buys in the next zone. D1 - We have a range, price is at the bottom, we might expect it to reach the top. H4 - Intraday cycle, bullish divergence, price reaches the magnet zone. Aggressive - Wait for breakout above the high marked in the chart and then look for correction and buy. Conservative - If you want to be more conservative then wait for breakout above the high marked in the chart and then look for correction and buy.
NYSE:MGMShort
by VladimirRibakov
MGM- If You Invest in MGM, might go to $25.00??James Murren: CEO of Mandalay Bay/MGM Resorts International is a sitting member of the Homeland Security National Infrastructure Advisory Council-he’s responsible for getting legislation and regulations passed for security & technology infrastructure in public places. Things such as x-ray backscatter machines. So the CEO of Mandalay Bay is a sitting member of the Homeland Security National Infrastructure Advisory Council? This is not normal people! He dumped most of his MGM stock ($13.7 million worth) in the months leading up to the shooting! finance.yahoo.com Also, on September 12, someone was placing much larger than normal bets that the MGM stock would go down! MGM Resorts International (NYSE:MGM) was the target of unusually large options trading activity. Investors purchased 11,909 put options on the company. This is an increase of approximately 164% compared to the typical daily volume of 4,509 put options. FLASHBACK: MGM Resorts CEO Jim Murren announced on Monday that, despite being a lifelong Republican, he is backing Democrat Hillary Clinton for president. lasvegassun.com Murren declared that he'd match all donations from his employees to CAIR, and radical left wing anti -Trump groups like Southern Poverty Law Center and ADL - Anti-Defamation League. His wife, Heather Murren also worked for the Obama administration on Obama's "Commission for Enhancing National Cybersecurity" in 2016. Like all investments you should, check a little deeper into if the business & people running them are inline with your politics & strategy. God Bless
NYSE:MGMShort
by Anbat