Shares of MGM Resorts $MGM is falling towards a support/resistance pivot around $30. We can expect some buying here. But because it was in a bearish breakout last week, we should limit the bullish outlook from any buying from $30. MGM Daily Chart(click to enlarge)Key Break:- The daily chart shows that price has broken below a key support that was around $33.50-$34.- We can see the decisive break below the 200-day simple moving average and a rising trendline.- Now, the 200-day SMA will be considered resistance. The whole $33-$34 area should now be treated as resistance.- If price slides below $30, the next key support will be around $25.