MGM: ⬆️ Buy
– MGM broke resistance zone
– Likely to rise to resistance level 44.00
MGM recently broke the resistance zone lying at the intersection of the key resistance level 40.50, which stopped the previous impulse wave i at the end of April and the resistance trendline of the weekly up channel from October.
The breakout of this resistance zone accelerated the active intermediate impulse wave C from the start of March
Given the strong daily uptrend, MGM can be expected to rise to the next resistance level 44.00 – target price for the completion of the active impulse wave C.