My chart tells me that price is likely to reach $52 levels. From current levels it will be a $4 gain. Traders may consider buying $52 Call Option November expiry.
I can see that there's a chance to make a 10% benefit here . We just need to be ready in case the resistance leads to a fall.
23rd, March 2020: the high was $9.81 24th, March 2020: The low was $10.66 -> MGM's price never returned back to $9.82 to close the gap that still remains. It's a hole in the price of MGM. 03rd, April 2020: The lowest price came was to $10.00 The market has a gap between: 23rd March at $9.81 and at $10.00 on April 3rd. There is a 95% chance that the gap...
MGM -5.25% is approaching support zone between 30 - 30.50 levels. Expecting a Strong recovery till 31.30 levels. Trade Strategy : Buy @ 30.30 Target price @ 31.30 Stop loss below 29.80 Reward to risk - 2:1 Disclosure : The view expressed above is my own analysis on the stock. You are responsible for your own investment / trading decisions.