$MGM
Added 2024-07-15 14:54:37 +0000 UTCGood point made in the Chat group, Tropicana and the Mirage closing down on the Vegas strip, right beside the MGM is likely going to drive prices higher for their group, The MGM group owns a number of hotels around that area on the strip, including the New Yorker, so buying up the land beside them would make sense here too....but this is just a thought.
On the chart, the impulse wave remains current and there is an ascending triangle formed here too.
Price is also above the 50 and 200 Day MA now too, if you want to wait for a breakout above the top line at $50 and a hold above this level, that makes the most amount of sense and lowers your risk
But a buy and hold here at $50, with the 1.618 Fib at $98, makes this an attractive buy if you can hold for at least 12 months.
