Tag: Wynn Resorts

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

Nicholas
Wynn Resorts Limited Stock Code WYNN.NYS

Outlook
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.

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

CFD Trading – Wynn Resort & Starbucks

Nicholas

Wynn Resort Ltd Stock Code WYNN.NAS

Outlook

Price reached a low near $101.60 three days ago and has since moved higher. The rally looks set to continue but there is a big gap around $115 to $118.26 and price may be unable to move above $118.26. There is also a Base line resistance and cloud resistance around the area from $118.26 to $121.90. MACD is also strongly bearish as it histogram is long and far away from the zero line. If price is unable to move above the gap and cloud, it is likely to test the low again.

Strategy

$118.00 Short Sell
$102.00 Price Target
$122.20 Risk Management Stop
3 weeks Trade Duration

Starbucks Corporation Stock Code SBUX.NAS

Outlook

Recent price correction has managed to stay above the base of a price gap. As the gap is not closed, the trend is likely to be up and price has already moved above this base. Price has also managed to stay above the Base line. Currently price is above the Base and Conversion lines as well as the cloud with Lagging Span above the cloud and price of 26 days ago. These are bullish signs. Last night price managed to close above recent highs in the consolidation which could be a sign of a breakout in the process. MACD is bullish and both lines are above the zero line. The faster line is also looking to turn up as well.

Strategy

$96.80 Buy
$104.20 Price Target
$91.70 Risk Management Stop
3 weeks Trade Duration

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CFD Trading 24 June 2019

Nicholas

Wynn Resorts Ltd Stock Code WYNN.NAS

Outlook

Price touched a previous high but was unable to break above that previous high resistance. Instead price has dropped lower to the Conversion line support. Price is below the cloud and Base line is still trending lower, indicating the bearish trend may not be over as yet. MACD, when price was moving higher was weak and failed to reach a momentum peak experienced by a previous rally. If price is unable to move above the previous higher resistance at $125, it is likely to test the support at $101.50 again. A break of support at $101.50 will likely lead price lower to the next support level at $90.

Strategy

$122.20 Short Sell
$102.80 Price Target
$134.50 Risk Management Stop
3 weeks Trade Duration

Blackrock Inc Stock Code BLK.NYS

Outlook

Price broke above the cloud on Thursday and on Friday, price continued to move higher. Price closed above the cloud, confirming a bullish trend in place and both Conversion and Base lines had a bullish crossover. Base line is also turning higher. Volume on the two breakout days were both higher. In fact, volume on the second day of the breakout was higher than normal. MACD is bullish and is moving higher, confirming the bullish price movement. If price stays above the cloud, price should be moving towards the previous high at $487.

Strategy

$466.50 Buy
$486.80 Price Target
$449.00 Risk Management Stop
3 weeks Trade Duration

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