Wynn Resorts has broken through a long-standing resistance trendline that’s been in place since 2014. This breakout, observed on the weekly chart, indicates a potential shift for the company, historically restrained by this line.<\/p>\n
Previously, significant rallies in 2018 and 2021 were halted by this resistance, creating a psychological barrier for shareholders. The recent breakthrough might suggest a change in underlying fundamentals or market perception, benefiting from the post-pandemic recovery in Macau and Las Vegas.<\/p>\n
The new target is set at $162.64, the next major resistance zone, representing a 28% potential increase. Analysts are observing whether the stock can maintain its position above the trendline, as this would confirm the legitimacy of the breakout.<\/p>\n
Buying at levels between $115-120 could offer a favourable risk-reward entry. Traders are advised to place stop-losses below the most recent swing low and watch for support at the old resistance level.<\/p>\n
The bearish view suggests that false breakouts have happened before and that the stock could fall back if macroeconomic factors worsen. The scenario will depend on whether Wynn can sustain its gains in the coming months. The $162.64 level will be crucial in determining the direction of Wynn\u2019s stock performance.<\/p>\n
We are seeing a major technical shift in Wynn Resorts, as it has finally broken through a resistance trendline that has held firm since 2014. This breakout is supported by fundamental strength, with Macau’s Gaming Inspection and Coordination Bureau reporting that November 2025 gross gaming revenue hit MOP 22.5 billion. This figure represents the strongest monthly performance in over five years, signaling a robust recovery.<\/p>\n
For derivative traders, this suggests it is time to look at bullish positions, especially on any minor pullbacks. Buying call options, perhaps with February or March 2026 expiration dates, on a dip toward the new support area around $115-$120 would provide a favorable risk-reward setup. This allows us to participate in the potential upside while clearly defining our maximum loss.<\/p>\n
The next major target is the $162.64 resistance level, a ceiling that stopped the rallies we witnessed back in 2018 and 2021. The move seems plausible given the continued strength in Las Vegas, where recent data from the Nevada Gaming Control Board for the third quarter of 2025 showed a 5% year-over-year increase in Strip revenue. This indicates the positive momentum is not isolated to its Asian operations.<\/p>\n
Implied volatility on WYNN options has increased with the breakout but remains below the peaks we saw during the market turbulence of 2022. This makes strategies like bull call spreads an intelligent way to position for a move toward the target. For instance, buying a $130 strike call and simultaneously selling a $160 strike call for March 2026 could lower the cost of entry while capturing a significant part of the expected move.<\/p>\n
The primary risk remains a “false breakout,” where the price fails to hold above the old resistance line. A drop back below $115 with conviction would invalidate this bullish thesis. In such a case, traders should be prepared to exit long call positions or even consider buying puts if the downward momentum accelerates.<\/p>\n","protected":false},"excerpt":{"rendered":"
Wynn Resorts breaks decade-long resistance, eyes 28% upside to $162.64 amid recovery in Macau, Las Vegas.<\/p>\n","protected":false},"author":62,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59],"tags":[],"class_list":["post-36190","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts\/36190","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/users\/62"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/comments?post=36190"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts\/36190\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/media?parent=36190"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/categories?post=36190"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/tags?post=36190"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}