Wynn Macau Ltd HK 1128 Casino Top Pick Testing Range

Wynn Macau Ltd
HKG: 1128


Fundamentals:

Since 2018. Wynn Macau is one of the one casino in Macau to capture most of high-roller gambling activity, consistently leading Macau on the VIP drop. Galaxy and Wynn contributed to close to 45% to the VIP volume.

Why VIP Volume? Investors place heavier emphasis on main revenue driver, revenue numbers, which are mostly generated from VIP segment.

Macau long term growth

Wynn recent upgrade to BUY RATING at Jefferies is giving it a boost with PT 23.80 after Goldman Sachs upgrade the stock in early April


Technicals:
Just Friday, 12 Apr, 50 DMA rose above 200 DMA and 50 EMA crossed 100 EMA.
Golden cross shows no sign of reversing for now while a long flag formation is formed.

Resistance : 22.0
Support : 20.70