whitejade
Long

MGI looking to bounce here and go up!

NASDAQ:MGI   MONEYGRAM INTERNATIONAL INC
After reaching new highs MGI made a major need I say healthy correction.

Positive notes:

Several new partnerships (biggest including xrp/ ripple 30mil and another possible 20mill.
Next earnings should see a major green light

Currently, MGI is sitting in oversold territory on the daily. $3.50 looks like a great support level .

Based on the previous chart patterns I expect MGI to continue in a bull rally.

Hitting $10 by the end of the year is not out of question.
Hmmmm ..... $2.77 today
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$3.74 is a great spot to load up
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@awh2830, I got a sweet deal at 3.43 and 3.81 last dip
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awh2830 charvey63
@charvey63, Nice, I bought the majority of my position at $3.74, we'll see. I think RIPPLE has bottomed out, so if they are price related then we may see them move higher together.
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Picked up my last batch of MGI at $ 3.51 wednesday. A run up to the $ 4.50 - $ 5.00 seems to be in the cards.
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This is also the 61.8% on the fibonacci I drew on my TA.
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whitejade pinski121
@pinski121, Yup! I'm looking at the same thing. Glad I'm not out here alone on this haha
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