A clean Ascending Triangle often precedes a big move. Validate your entry.
Bullish continuation pattern.
Traders are watching MGM Resorts (MGM) as price action tightens. The stock is trading at $37.62, up 3.03% on the day. The primary technical feature is a Ascending Triangle formation. Volume is average (0.81x avg) with moderate trend strength (11.6). A potential breakout level is identified at $40.94, targeting $46.56 with support near $35.32 (R:R 1.0).
What is your outlook on MGM?