Want a winning trade? Check out Wynn (WYNN)). Don’t bet on red. (June 02, 2016)

by DAN WYNN 
Wynn ( NASDAQ:WYNN ). I’ve been covering this recently, I don’t think in my Free Chart videos, but I’ve been talking about it in our premium videos, Wynn ( NASDAQ:WYNN ) looks really, really close to breaking out. This is a really short video, I want you to keep an eye on $100.00. I’m going to set a little price alert myself just to remind me. If the stock starts printing above 100.00, and it’s probably going to do it tomorrow, this is a stock that I want to buy. Keep a stop back in this cluster here, but overall I think this is going to work. This is a key level of resistance. Not just because so much trading volume has occurred here, but also because it’s $100.00, and that’s an even number that attracts the unimaginative. Who’s going to say, “I think I’ll sell the stock when it gets to $101.25?” Nobody. It’s, “I think I’ll sell when it gets to 100.00.” Or, “I think I’ll buy when it goes over 100.00.” But the bottom line is, this is the line in the sand. If the stock starts trading above there you want to be there. Bet on green not red.

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