Mar. 9 at 10:43 PM
$WYNN doing exactly what clean technical structure should do.
Old resistance at
$97–100 became support on the way up, got retested on the flush, and is holding. Textbook S/R flip defending itself.
Volume confirming the bounce — biggest green bar in months at that exact level. RSI recovering.
Bull case: hold
$100.77, reclaim
$103.57 →
$109 →
$113–117 is the real target zone. That purple band is the line that separates a bounce from a trend reversal.
Bear case:
$100.77 fails,
$97.78 next. Lose both and the S/R flip is invalidated — back to
$93.
Macau gaming name bouncing off clean structure in a volatile tape. Respecting the level.
$103.57 reclaim keeps me interested.
#WYNN #gaming #hovdid
