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FriscoTrades

$MGI Trading in Demand Zone

Long
FriscoTrades  
NASDAQ:MGI   None
Support and Resistance Supply and Demand Pivot Points mgi moneygram tradeidea optionstrading stocktrading swingtrading
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supportandresistance supplyanddemand pivotpoints mgi moneygram tradeidea optionstrading stocktrading swingtrading
MGI up +9% so far , trading in strong demand zone. Recently had decent ER and HIGH OI on NOV 19 calls - 14K 6c !

I like this idea for a swing up to $7.5 zone resistance. MACD looks bullish to me implying possible pivot point here.

Commons or 11/19 6C ... I'm long
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