There are shots taken to get into a nice rally. Better watch the 50day MA to account for some resistance.
DIVS on the MACD and RSI played out nicely. I we get to the first target of approx $2,65 beware if a Wyckoff style patern (Accumulation time).
Accumulating on significant dips has zeroed out my cost basis , it's all green from here in the portfolio. Not sure if it affected price but Thomas H lee appears to have shed about 20 mill shares in this last shakeup. Considering the large number of puts on the day of this report is suspicious to say the least. Who cares though amirite? Yeah I'm right. Solid...
The recent price action has been some kind of discourageing .... After hitting a temporary high in the high 6 USD the price has come back all the way down to around 2.50 loosing more that half of its value.
The price has broken support after support, showing an apparently very weak behaviour ...
On the other hand the price has been playing ping pong in a very...
After reaching new highs MGI made a major need I say healthy correction.
Positive notes:
Several new partnerships (biggest including xrp/ ripple 30mil and another possible 20mill.
Next earnings should see a major green light
Currently, MGI is sitting in oversold territory on the daily. $3.50 looks like a great support level.
Based on the previous chart...
Following reverse symmetry we could bounce rapidely into the falling wedge top resistance and fall back to the recent break out around 4 USD.
This could play out fast since volume becomes thinner above 4 to 5 USD.
After falling back to the base of the (yellow) wedge we could go up for the real break out (above 13 USD).
Thing could start getting REALLY interesting...
MGI Stock has been making great gains since its partnership with Ripple and its Cryptocurrency XRP. currently breaking out of a cup and handle and has formed a golden cross on the day chart. the green resistance lines will definitely be seen in the coming months
Money Gram International should be on everyone's radar..... RSI Trend Line Bounce on 4 Hr chart.... OBV rising back up... Price action forming a Double bottom at $2.40........ get in and hold til' 2020..... I'm looking for $40-$60 real numbers by EOY 2020 here... DYOR people!
MoneyGram & XRP, is it huge success for both? In my view, it's success for $MGI and not for $XRP, because the company with big debt cannot be a good strategic partnership(the dark hole for money). Anyway for Ripple these $50 millions, is more then shares in the pocket, it's the best ads of Ripple itself to a potential investors. $MGI and $XRP are the today news...
