CFD Trading – Buy Wynn Resorts Limited (WYNN.NYS) @ $90.30. Stop at $83.80 and Target at $99.90

Wynn Resorts Limited Stock Code WYNN.NYS

Price broke above the cloud on 28 August 2020 and above a previous breakout point as well, hinting of a possible new bullish trend ahead. Conversion and Base lines had a bullish crossover earlier, confirming the bullish trend. Lagging Span is above price of 26 days ago but is currently inside the cloud. MACD is bullish with both of its lines above the zero line. Both of MACD’s lines are rising as well. If price can stay above the cloud, a price movement to test the previous high at $108.80 is on the card. An Ichimoku V-shaped price target lies at $99.48, while an “N” price target lies at $97.75. The “E” target is at $108.80.

$90.30                Buy
$99.90                Price Target
$83.80                Risk Management Stop
3 weeks Trade Duration

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