Hello Traders, MTG just broke out from the area of Support/Resistance and I'm just waiting for a pullback and appearance of strong bullish candle "within" the area of support before I enter a position.
“The stock market is designed to transfer money from the active to the patient.” - Warren Buffett
I have identified triple MACD Bearish Divergence on the daily timeframe after hitting and briefly exceeding the PCZ of a Bearish Gartley.
Entry: $12.5 - $13
SL: $14
TP: $5
I like the MACD starting to cross and that MTG expanded its range yesterday. In my opinion yesterday's candle is very bullish if it can stay above $10.76
Falling bellow that may create a double top scenario in which case it will likely retrace down the Fibonacci scale.
First taregt 11.66
Been watching MTG the past week, bought in yesterday at $7. Lots of potentials. Aside from the technicals looking solid - testing resistance 3 times with climbing support in decent volume on no news. MTG just released a "new deck" of cards in the US. It sounds like sales are crushing and they also announced their first-ever online Cash Tournament. This...
Choppy intraday chart, but the daily chart looks like this recent earnings momentum play could start moving higher. I have done no research into this company. This is pure observation based on technical analysis alone (support and resistance).
Interesting chart to say the leasr. Pay attention to resistance levels on the price action, MACD, and RSI.
This is not advice to enter a trade. I don not know where this is going. Could easily get rejected at the green RSI line
