A clean Bearish Flag often precedes a big move. Validate your entry.
Bearish continuation if preceding move was down.
Market participants tracking MGM Resorts should note the latest formation. The stock is trading at $37.12, up 1.67% on the day. The primary technical feature is a Bearish Flag formation. This setup is supported by average volume turnover. A potential breakout level is identified at $35.32, targeting $27.83 with support near $38.1 (R:R 2.69).
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