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Chart Master: WYNN Bullish Initiation

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Content provided by Schwab Network. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Schwab Network or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

JPMorgan's analyst initiated coverage of Wynn Resorts (WYNN) with an overweight rating and $109 price target. With that firm's call in mind, Rachel Dashiell breaks down the technical patterns taking place on the gaming stock. She indicates a possible cup and handle formation is taking place, looking at price coiling forming a triangle between $85-$89. On a longer-term chart, she highlights a resistance area around $95.

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5479 episodes

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Chart Master: WYNN Bullish Initiation

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Manage episode 490345516 series 3645668
Content provided by Schwab Network. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Schwab Network or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

JPMorgan's analyst initiated coverage of Wynn Resorts (WYNN) with an overweight rating and $109 price target. With that firm's call in mind, Rachel Dashiell breaks down the technical patterns taking place on the gaming stock. She indicates a possible cup and handle formation is taking place, looking at price coiling forming a triangle between $85-$89. On a longer-term chart, she highlights a resistance area around $95.

======== Schwab Network ========

Empowering every investor and trader, every market day.

Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribe

Download the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185

Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7

Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watch

Watch on Vizio - https://www.vizio.com/en/watchfreeplus-explore

Watch on DistroTV - https://www.distro.tv/live/schwab-network/

Follow us on X – / schwabnetwork

Follow us on Facebook – / schwabnetwork

Follow us on LinkedIn - / schwab-network

About Schwab Network - https://schwabnetwork.com/about

  continue reading

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