MGM Resorts Wave Analysis – 29 June 2026

MGM Resorts: ⬆️ Buy

– MGM Resorts reversed from support zone

– Likely to rise to resistance level 50.00

MGM Resorts recently reversed from the support zone between the support level 46.00 (low of the previous wave A), lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse from May.

The upward reversal from this support zone stopped the C-wave of the previous ABC correction (4).

Given the strong daily uptrend, MGM Resorts can be expected to rise to the next resistance level 50.00 – followed by 53.00.