Nov. 14 at 3:46 AM
$WYNN: The last close is
$123.01, indicating a slight upward movement. The RSI at 46.49 suggests the stock is nearing neutral territory, with potential for either upward or downward movement. The MA30 at
$122.0 is below the last close, which may provide short-term support. However, the MA50 at
$123.57 is slightly above the current price, indicating potential resistance.
Given the 60D high of
$134.23 and low of
$110.63, the price is currently closer to the midpoint, suggesting a consolidation phase. The ATR of 4.76 indicates moderate volatility, allowing for reasonable movement.
Suggested trade plan:
- Entry at
$122.50 (slightly below current price to confirm support).
- Stop loss at
$120.00 (to limit downside risk).
- Target 1 at
$127.00 (previous resistance near MA50).
- Target 2 at
$130.00 (psychological level and near recent highs).
Monitor RSI for shifts towards overbought or oversold conditions.
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