20% jump here for $MGM this month and held at the 0.618 Fib very well at $36.
My long term chart for $MGM looks very well here for the next 18 months and since each pull back has been going to its 0.618 Fib and holding, we have many reasons to be optimistic here.
We can also see how well $ABNB has been moving this month too and airline stocks, all of which are correlated.
Retail investors always get nervous with travel stocks but I am bullish on them.
If $MGM can get above its 200 Day MA at $42.30 and hold, then the trend is clear to the upside and we would be looking for a test at the blue line at $50 next.