$MGM
Added 2023-09-15 18:49:19 +0000 UTCThe MGM systems are still under attack and they can not sell any rooms in any of their hotels in Las Vegas, so no new bookings, this has been ongoing for a number of days now and likely to continue until next week.
The share price is already down 20% now and has lost the 50 and 200 Day MA today, I expect the share price to continue moving down as long as this issue continues because it is certainly affecting their bottom line now. The 0.618 Fib at $36 is the potential support level and here the share price will be down nearly 30%....presenting a very attractive position to add.
Comments
This one is starting to become very interesting for diversifying my portfolio
ksims2
2023-09-15 19:57:59 +0000 UTC
