NASDAQ:MGRM is set to a 2 hour view. This is looked at with MACD and high/low code. The stock was slightly bullish with investment news, but has strayed bearish for a remainder of the time.
MGRM is a long-term trade, with high potential. The stock saw a high of $4.90 on the news, but didn't gain much traction. That was over a 70% gain on the day.
4/10/2024...
Above is a long position outlook over a 16-18 month range for LNC. Looking at a drop to $16.27 and an increase to roughly $55.00. We are about 6 months into this rotation. Monetary policy and fed adjustments, banking volatility, and congressional changes will impact the downward trend. Recession, retirement guarantee, and banking recovery/economic recovery...
We see a rejection every three months for the S&P500. We have a potential long position option here, and the expectation of getting back over 4200. The Last time the S&P was over 4200 was September of 2022. The rejection happens in three month spans, but a position over 4200 is expected by March.
