JoeHayes
Long

Pin Bar with Volume Spike and Momentum Divergence

NYSE:MGM   MGM RESORTS INTERNATIONAL
MGM             brought huge volume yesterday to form a pin bar at support. This support level was hit with some momentum divergence and should hold. I am looking for a retest of 24.80s for a 1:1.5 RR ratio. Price has broken the high of yesterday, and this pullback should provide a good entry point of which to take advantage.
Nice catch
+1 Reply
JoeHayes Technician
Thanks Technician.. I'm enjoying quite a few of your ideas.
+1 Reply
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