If Shares of Wynn Resorts (WYNN) Fall Under This Level, Expect a Breakdown

In taking a look at the chart of Wynn Resorts, you’ll see that a support level has formed.  If this support level is broken, a strong move lower could occur…

Wynn Resorts (WYNN) owns and operates casino hotel resorts in Las Vegas, Macau, and Boston. The company’s revenues have been sharply reduced due to the ongoing pandemic. In the meantime, WYNN has enough liquidity to withstand the current environment.

Take a look at the 1-year chart of WYNN below with added notations…

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