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MGM RESORTS DRNMGM RESORTS DRNMGM RESORTS DRN

MGM RESORTS DRN

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M1GM34 trade ideas

Mgm Resort Bearish Volume Coming InnIf Market closes below 18.20 Level which financial institutions are watching right now then i will be shorting it with take profits@ flag Reasons to short 1-Market in downtrend 2-Market moving in downward channel or wedge that retail traders know off 3- market showing vertical resistance on top 4-Market rejecting from upper vertical resistance 5- Market having huge bearish volume 6-Moving average compression 7-Bullish trend reversal can be formed after candle close below that level 8-News are following the markets saying a bearish bias in market trend 9-if lower trend line candle close happens then market will drop down to pavement due to wedge breakout pattern rules
NYSE:MGMShort
by 2Smart2Trade
MGM - Getting in after a double bottomThis trade is a bit late, however the risk reward is still favorable, considering how accurate these double bottoms with divergences tend to be. The time to make the best out of this trade was back in the summer in July, before the mini crash in August, or if you were brave enough (not me) right in August. The best trades for me are double bottoms with divergences, that happen in uptrends, and this one certainly qualifies. I am looking for at least a retest of the previous major swing high.
NYSE:MGMLong
by vlad.adrian
1
Institutional accumulation all happening again?I'm not looking to buy into this until I examine the fundamental aspect of MGM Resorts, but most of us might already know that it hasn't been quite peachy for them during 2014, but what I find interesting in this is the above average volume at bid during the end of 2014 & Q1 2015. Which shows to me potential institutional buyers scooping up shares at a potential discount for the next leg up to $28 p/ share and possibly above... I believe that we can also be stuck within the new range between $16 p/share & $28 p/share. Between 2010 & 2013 the stock found itself stuck between a roughly $8 price range, with W1 volume showing large accumulation of shares happening throughout the time, and price breaking the highs August 2013. So what I'm seeing is another potential accumulation of shares before another leg higher. Which will make for decent multi-week swing trading for passive portfolio growth. Of course, I won't make any decision to take any positions as such until I examine the fundamental strength & outlook of the company. So all in all I just thought this would be an interesting chart to post for anybody looking for diversification into passive QoQ growth. Which is something I definitely look to always have along with more aggressive/riskier positions held. Cheers, happy trading! =)
NYSE:MGM
by Daniel.B
Cautious From $LVS ER Miss - Looking For Support/EMA Bounce$MGM has been bouncing off a strong upward sloping support level since late April. Over the past week we have seen consolidation with small bodied candles and short trading ranges. After testing the 50ema yesterday, we closed just a few pennies above that level. I am looking to see a nice bounce off of this support line as well as off the 50ema. Will be keeping an eye on the 20ema as the next resistance level
NYSE:MGM
by YoungInvestorsUCF