Long
Moneylion: Inverse Head and Shoulders, reversal coming
I've previously posted my article on the strength and potential of $NYSE:ML as a company. My thesis still stands in a mid-term perspective. Additionally, lowering of interest rates and a rotation out of large cap stocks will be very beneficial for Moneylion.
On a technical level, MACD, RSI, and TTM Squeeze prove strong on the 4H chart.
Additionally, 9 and 21 day SMA have crossed.
There was no justification for the recent downturn, and the charts prove a reversal could be coming in the near-term for a company that's strong in the long-term.
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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.