$MGM - WATCHLIST -
Added 2024-06-30 02:06:16 +0000 UTC$MGM is in a good position here to move higher to test its stubborn resistance level at our blue line at $50 next.
A breakout of this level and a flip to support and this is into its Bull Case and Wave 3.
$MGM has been making higher lows since mid 2022, when hotels started to recover from the Covid lockdown.
I am a fan of this hotel chain and their brand, I believe it can move higher over the next few years as shown but needs to get above $50 first.
