$MGM - RC -
Added 2023-09-14 03:27:34 +0000 UTCThe MGM resorts were attacked this week in Las Vegas for a ransom of $40 million and has caused considerable upset to bookings and their website, the share price has come down 10% since the attacks.....the attackers could have done well to short this and carry out the ransom demands....that being said, there could be an opportunity to take advantage of this short term concern.
I have added in the green 0.618 Fib level at $36.12, a hold at this level and this could be Subwave 2 of Wave 3 completing and would be in an ideal position to add once it holds this level.
Comments
So that’s what happened! I was right there waiting for the 200 to cause a bounce. At the end closed out my holdings luckily with only a $10 loss. Good info captain! Waiting for lower! 👍
Trader_MattPro
2023-09-14 04:40:13 +0000 UTC
