Description
⋅ (13/1000)
Ascending Triangle for MGM.
Confirmed. Possible 68% gains.
Pros:
1- Bullish Ascending triangle
2- Descending volume during formation
3- PPS above 50MA and 200MA
4- R/R ratio above 5
5- 250RSI above 50 and climbing
6- 50MA above 200MA
7- 50MA and 200MA ascending.
8- RS above 0 and climbing
9- Golden cross circled in blue
Cons:
1- Pattern not confirmed
2- ATR flat, less volatile
Target price is 84,46$.
Could reach as high as 95,95$
Again, stay humble, have fun, make money!
MAAX!