MGM Resorts International $MGM was in a critical bearish breakout last time we took a look at the chart. We noted that if price comes up to the $33-$34 area, we should monitor for resistance. Resistance here would point to downside to at least $30.MGM Daily Chart(click to enlarge)Bearish Confirmation:- Other than breaking below a support pivot and a rising trendline, price broke below the moving averages.- Price also respected these previously support factors as resistance.- That is a very strong sign that bears are in charge. - We noted the $30 level, but don't be surprised if the correction extends towards $28.