Stock Market Viewpoint

Stock Market Viewpoint
Reading the Tea Leaves...

Sunday, December 31, 2017

WYNN Looking Strong

Wynn Resorts has been running for an entire year and has recently broken out of its 2-year blue line ascending channel without maxing out in its one year red line channel.




click on image to enlarge




If WYNN wants to declare the red channel as its dominant channel it needs to consolidate sideways on the top of its upper blue channel line then morph into a bullish price pattern that it can lift from.


Trade well my friends

Alan

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