Verified Investing on $MGM (Nov 1, 2026)
MGM's slight profit dip then turn positive formed a bullish engulfing reversal, and from a potential entry the speaker expects an easy bounce back to $33 or higher. After a 43% rise the stock is still down from its June highs, with resistance at a double pivot peak near $34.50 and the closed gap near $37.85.
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We'll take a look at MGM. Now, instead of me doing that for you, do you see a bearish or bullish engulfing candlestick? You can go ahead, pause the video, and try to find it yourself.
And if you look here at the MGM chart , it's very similar, or rather the exact opposite of O'Reilly , isn't it? Where profits drove O'Reilly's stock up and then down, MGM's profits dipped slightly, didn't they?
It was a little negative then turned green, which gave me a good bullish boost for a bullish engulfing reversal candle . Isn't that so?
So, this is my second deal. This is Plan B, MGM Resorts International. Now, if the price rises here on MGM, I certainly think you could easily see a move back to $33 or even higher.
Looking at the overall charts, the stock has fallen significantly from its June highs. The stock is still down after this 43% rise. There are two clear levels of resistance coming up on MGM.
First, a double pivot peak here at around $34.50. Then, of course, the gap was closed here at around $37.85. If we get a good bounce from these levels, right? From this potential entry point here.
You are looking at resistance around this range.
What this channel has said about $MGM
Verified Investing has 2 calls on this stock; only the adjacent ones are shown.