JacobTrader100

MGI. Will this divergence work?

NASDAQ:MGI   None
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.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.