MARA - Speculative fallen angel trade from $1.80 to $3.23MARA seems forming a nice fallen angel formation. There is a possible momentum scenario building here. It is a speculative trade in Block-chain industry, be aware of the risk.
* Trade Criteria *
Date First Found- April 26, 2018
Pattern/Why- FAllen angel formation
Entry Criteria- Current Price ($1.80)
Exit Criteria- 1st Target $2.43 & 2nd Target $3.23
Stop Loss Criteria- $1.58
Indicator Notes- Strong divergence in Twiggs money flow index
Please check back for Trade updates. (Note: Trade update is little delayed here.)
MARA
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MARA long ideaI see MARA forming a bull flag. I expect it to be supported by the 34sma so I don't expect a dip back down to the lower trend line. Possible upside +34% set stop for possible loss of 5%. Good risk reward. I can see it going to $7.80 from here. Blockchain is a hot sector right now. You might get this move all in one day.