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WYNN seems to be forming the handle of a C&H formation and perhaps ready to break out. It tested the gap of 1/2/13 that was a pull back to 115.60 prior resistance area. If it clears the 120 area, there may be a good chance that WYNN breaks out. I opened a "feeler" long position at 115.10 a few days ago with a 2.00 stop. Your thoughts???
Can you help answer these questions from other members on NexusFi?
A nice gain of 10 points, but I'm torn here. Do I add to my position or take profit?? I am thinking WYNN might pull back from 127 area and then head higher, but if it has nice big day up from here then look out higher prices...we shall see. Perhaps I need to stop thinking and just continue my sitting...
Today's drop was terrible...stopped out at a little above break even. Eventhough the 10 points profit vanished, but still it was a 'good' trade.
WYNN still looks good with todays "reversal".
