WYNN - Watch closely!
Weekly candle chart...
Supports are the supporting trend line and the 200 week moving average.
The resistance is the 50 day moving average (NOT SHOWN).
The convergence of the supports and resistance levels will force a reaction most likely in one direction or the other. I don't like entering here...I'd wait and see how it plays out. Ideally, we will see a break above the 50 day moving average on volume and the 200 week ROC become for positive. But if not, be careful.
You will also notice what appears to be a giant cup and handle formation, which, upon it's breakout (shown) behaved as such.
Supports are the supporting trend line and the 200 week moving average.
The resistance is the 50 day moving average (NOT SHOWN).
The convergence of the supports and resistance levels will force a reaction most likely in one direction or the other. I don't like entering here...I'd wait and see how it plays out. Ideally, we will see a break above the 50 day moving average on volume and the 200 week ROC become for positive. But if not, be careful.
You will also notice what appears to be a giant cup and handle formation, which, upon it's breakout (shown) behaved as such.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.