MGM: Ascending Triangle, Not Confirmed (67,84%)(13/1000)

(13/1000)

Ascending Triangle for MGM.
Confirmed. Possible 68% gains.

Pros:
1- Bullish Ascending triangle
2- Descending volume during formation
3- PPS above 50MA and 200MA
4- R/R ratio above 5
5- 250RSI above 50 and climbing
6- 50MA above 200MA
7- 50MA and 200MA ascending.
8- RS above 0 and climbing
9- Golden cross circled in blue

Cons:

1- Pattern not confirmed
2- ATR flat, less volatile


Target price is 84,46$.

Could reach as high as 95,95$

Again, stay humble, have fun, make money!

MAAX!