JacobTrader100

MGI. Will this divergence work?

NASDAQ:MGI   MONEYGRAM INTERNATIONAL INC
Looking at the chart. Today money gram pumped up well. It went up around 15%. Now it barely made a new high. And there is a divergence against the MACD . Looking at the slope line the trend is turning towards the upside. But I think it’ll go down back to 1.6 or 1.5 before heading upwards.

Comments

uber news gave us the juice
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Lol don’t get me wrong I am risking it. But I’m definitely gonna buy in just a little lower. I don’t like buying highs.
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Mmm ... if you think it will go down than sell. I am buying and not risking missing out on a major pump. ODL is doing better every month so expect MGI to hit at least $ 4 by the end of the year.
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