Long
Moneylion (ML) - Looks ready for the next leg
Company Info:
MoneyLion Inc. is a data-driven, digital financial platform. It offers mobile banking and financial membership to take control of their finances.
Financials are seeing a nice run up from last year. It has good momentum on its side.
Technicals:
Closing above 52 on Friday when the whole market was down is a sign that buyers are ready to push this higher. It has taken a breather and looks ready to go again.
Will wait for the price action for the first 5 mins before taking longs.
Stops will be just below 48.
MoneyLion Inc. is a data-driven, digital financial platform. It offers mobile banking and financial membership to take control of their finances.
Financials are seeing a nice run up from last year. It has good momentum on its side.
Technicals:
Closing above 52 on Friday when the whole market was down is a sign that buyers are ready to push this higher. It has taken a breather and looks ready to go again.
Will wait for the price action for the first 5 mins before taking longs.
Stops will be just below 48.
Note
No trade initiated.
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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.