Long
Moneygram Double bottom
Moneygram has two Gaps which one will it fill first?
It is currently trading in a falling wedge, just above the support zone around 2$ it has some resistance a 2.50$ that is to break out of for a reversal towards the next gap at 4$
it has made a double bottom, and formed RSI bullish on the daily chart.
Stop: Just below 2$ if it breaks support at 2 it could go lower and complete the gap fil at 1.5$
1 PT: Gap fill at 4$ just at Fibonacci 0.382
2 PT: 6-6.70 to complete a Double top
It is currently trading in a falling wedge, just above the support zone around 2$ it has some resistance a 2.50$ that is to break out of for a reversal towards the next gap at 4$
it has made a double bottom, and formed RSI bullish on the daily chart.
Stop: Just below 2$ if it breaks support at 2 it could go lower and complete the gap fil at 1.5$
1 PT: Gap fill at 4$ just at Fibonacci 0.382
2 PT: 6-6.70 to complete a Double top
Note
Creating a base / flag after breaking outCould enter the trade now and have a tight stop under the base at 2.50
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.
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.