Moneygram has two Gaps which one will it fill first?
It is currently trading in a falling wedge, just above the support zone around 2$ it has some resistance a 2.50$ that is to break out of for a reversal towards the next gap at 4$
it has made a double bottom, and formed RSI bullish on the daily chart.
Stop: Just below 2$ if it breaks support at 2 it could go lower and complete the gap fil at 1.5$
1 PT: Gap fill at 4$ just at Fibonacci 0.382
2 PT: 6-6.70 to complete a Double top
It is currently trading in a falling wedge, just above the support zone around 2$ it has some resistance a 2.50$ that is to break out of for a reversal towards the next gap at 4$
it has made a double bottom, and formed RSI bullish on the daily chart.
Stop: Just below 2$ if it breaks support at 2 it could go lower and complete the gap fil at 1.5$
1 PT: Gap fill at 4$ just at Fibonacci 0.382
2 PT: 6-6.70 to complete a Double top
Could enter the trade now and have a tight stop under the base at 2.50