Due to report tomorrow after the close.
$MGM is in one of those positions that it could benefit greatly from a positive report tomorrow and move higher.
Wave 2 held in between the 0.5 and 0.618 Fib in June '22 and has bounced for Wave 3, Subwave 2 of Wave 3 pulled back and held at the 0.618 Fib too.......so both pull backs have been textbook.
Positive report and guidance and this moves higher, at least to the blue line again at $50.86.
Any negative report.....also worth noting the impact of the cyber attack in Sept in Vegas....and this can break down and go below $26.57 which I have clearly marked on the chart.
SLim
2023-11-07 13:08:11 +0000 UTCSLim
2023-11-07 12:56:37 +0000 UTCGareth Neary
2023-11-07 12:56:27 +0000 UTCSLim
2023-11-07 12:55:30 +0000 UTCSLim
2023-11-07 12:52:46 +0000 UTCGareth Neary
2023-11-07 12:26:54 +0000 UTCSLim
2023-11-07 12:25:54 +0000 UTC