W1YN34 trade ideas
$WYNN Resorts $99.00 Target
Bull case builds for the travel \leisure and hospitality stocks as much of the world's larger economies begin to show signs of recovery and the COVID vaccine narrative becomes increasingly positive
ABC Bullish Falling WedgeThis one is tough for me to post because it has been all over the place price wise!
This stock has had the flu for a long, long time.
My stop would be below 67.5 WYNN does not seem to be going lower than that
The chart is bullish from what I see. Break out is 74.5 but has been there and done that before, and did not break out
WYNN is also in a falling wedge. It has not broken the upper trend line of that wedge but seems to be trying. Falling wedges can be bullish if the stock breaks up and out of it
I did notice on Chartmill that there has been large player interest in hotels like HLT
It was hard to post targets 1. So Targets 2 are even harder, but are 160 to 185.5. Just seems hard to believe right now. I am having issues pressing the long button on this one..lol But with a clear break out over 74.5 or I may even look at buying this closer to the bottom trendline of falling wedge at 68 to 70ish. I will see what Monday brings. This one whare I may buy a small amount to begin with. But the flu can not last forever..or can it?
The only thing that never changes is Change
WYNN Head and ShouldersWYNN just reported a complete miss on earnings and had huge revenue loss. The price action on the chart has seemed to represent more downside with the neckline of the head and shoulders pattern at $69. Once $69 is cracked, expect more downside to the $60-62 range.
WYNNI WOULD GO SHORT UNDER 70. OR YOU CAN WAIT FOR 67.42.
IF WYNN BREAKS UNDER 67.54 IT SHOULD SELL OFF.
WYNN - Nearing Bottom of Short Term Channel - Potential BuyMoved though red cloud on the 1hr and 2hr - currently stuck in 3hr chop (in the cloud). When it escapes, look to first pink resistance above with green cloud support on right. We will see how 4hr and Daily react... Playing 90$ weekly calls. Good luck if you play!
$WYNN weekly chart bullish breakout #stock #chart$WYNN stock price has bottomed in DEC'18 and then after the local top in APR'19 started to trade inside a symmetrical triangle and in the same time descend inside a parallel channel
Last week on the back of the US-China trade agreement and more important , on news that president Xi will visit Macau for 3 days and unveil a plan for further development and investment ( all is linked with the 20th anniversary of the return of Macau to China) stock price broke trough the descending line of both triangle and parallel channel and even more important CLOSE above both
MACD and RSI are both very supportive for further move upwards( RSI at only 58, keep in mind is a weekly chart, MACD just turning positive with histogram green for over a month)
Targets are :
T1 - lower top of the mirror parallel channel at around 165
T2 - calculated move from the breakout of the triangle at around 187.7
Good luck,
TA
all i do is WYNN baby!!!!!!!!!only champions are playing wynn right now.. this has 105 all over it.. buy now before u buy some else bags
no one is telling you to buy but me. because im a far superios intelligent being , yes even ur boss at goldman sachs or what ever bank ur currently emplyed
this takes out 86 non stop till 105
Bounce in WYNNSymmetry and the 618 along with a daily uptrend line just below those offer support for this idea. My dowsing method suggest a decent pop today, however I wouldn't overstay because I think the market may have some volatility Thursday or Friday. I'm targeting around $75.60
Expect WYNN retracement I had a timing for the end of the uptrend in this name. It was up almost 5% I think this morning. Now negative .5%. Looking for 5% more down to around $73.00, which is close to the .618 fib.
ABC BullishWatching this one. Airlines and travel seem to be trying to move
Nice reward Short percent a bit on the high side
Earnings 8-5
Be safe!
WYNN Long Daily structure level,
where had been used as demand/supply more than 5 times.
Entry: 78
Stop: 108;
Target: 69; risk/reward=1:3
For stock trader, better wait for trendline break or Zone confirmation.
I am not a Pro trader. I need few months to work on rule based trading strategies.
If you like it, thank you for your support. Please use SIM/Demo account to try it, until my trading plans get high winning rate.
I trade option in live. Try to keep max risk under $300 per trade, and avoid been stopped as stock traders.
WYNN Technical AnalysisI am still new to technical analysis but wanted to get my ideas out there.
WYNN is likely to continue to benefit as Vegas reopens. It has some great potential to retrace back to $109 as it recently broke out of its long term resistance and is currently supported by rising ACCDIST line.
WYNN Long, EMA144 as support in Uptrend (add to winner)This is My Study script:
Buy in long term uptrend (Weekly and Daily).
Today, price touched EMA144.
Buy above EMA144 below: 98
Stop: 91
Target: 140 : Risk:Reward= 1:6
I am not a professional trader. I need few months to plan trade and trade plan.
If you like it, thank you for your support. Please use SIM/Demo account to try it, until my trading plans get high winning rate.
WYNN Long, Using EMA(144) as supportWYNN side way consolidation above EMA(144)
Waiting for Wedge break out.
Entry: 84.5
Stop: 79; when Below EMA144
Target: 104; risk/reward=1:4
This is a trading school homework. I need few months to practice trading plan.
If you like it, thank you for your support. Please use SIM/Demo account to try it, until my trading plans get high winning rate.
WYNN Ascending Triangle 6 tap breakoutWYNN has been forming an ascending triangle while also consolidating, if it can break out above the $89 level, there can be a strong momentum type move up to the $100 range. This has tested its resistance around 5-6 times, playing in this now looking for a breakout at 89.
WYNN - Long CallsBottom of channel - targets above. Will move with market. Play as you please - in 125 Jun 19 at .13, 10 contracts. Bounced to .3+ today in preview of what can happen if SPY rips. Sitting on them until closer to top of channel, buy plenty of time if you play!!
