JacobTrader100

MGI. Will this divergence work?

NASDAQ:MGI   None
Looking at the chart. Today money gram pumped up well. It went up around 15%. Now it barely made a new high. And there is a divergence against the MACD. Looking at the slope line the trend is turning towards the upside. But I think it’ll go down back to 1.6 or 1.5 before heading upwards.

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