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Dec 19, 2020 4:30 PM

MSGE over 81.54 Long

Madison Square Garden Entertainment Corp.NYSE

Description

Swing pick. S/L 81.54. For MSG's storied history this was a recent IPO in May of this year. Within 7 trading days it plunged violently from 99 to 58 per share or about 41%. It should move on any reopening or vaccine news. I have found wedge patterns like these have a high probability of success leading to a big move in a strong market (See Z for history). Recent price action found resistance at 81.54 so over is confirmation for continued upside. S/L 81.54.
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