Boyd Gaming Corp (NYSE: BYD) is a multi-jurisdictional gaming company, which engages in the management and operation of gaming and entertainment properties. In this article, we delve into the Elliott Wave analysis of BYD, uncovering bullish structure that could captivate the attention of both long-term investors and short-term traders.
The super cycle for BYD is showing an impulsive 3 waves structure into new all time highs. This is an incomplete bullish insequence supporting the upside for the stock within its long term cycle.
In addition, it’s also showing 3 waves into new highs from wave IV low and looking to extend further higher within it’s daily cycle before ending wave (III). After that, we expect a larger degree correction to take place in wave (IV) before resuming the rally in wave (V).
BYD Monthly Chart 2.27.2025
The daily bullish sequence remains in progress within wave ((3)) of V from 2022 low. It’s looking for at least 1 more swing before another buying opportunity happens in wave ((4)). Consequently, we still favor buying the short term pullbacks in 3 , 7 or 11 swings against $49.43 and look for extension higher to take place before ending the entire wave (III).
BYD Daily Chart 2.27.2025
In conclusion, the overall bullish sequence for Boyd Gaming Corp BYD will allow it to continue the move to the upside in higher time frames and as a result we recommend the longside during any corrective pullbacks for both traders and investors.
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