MFG price action is looking prime. MFG always flirts with the $55 mark, and I'm predicting a drop to $54s, maybe even $53 tomorrow. Breaking this youll see resistance at $50 then again at $45, but I'm very skeptical of seeing anything in the 40s. All depends on the current coming volatility.
Really looking forward to picking more up at a nice price.
Thought this could have been an inverted head and shoulders, but it failed to get resistance at that $58 mark and is coming straight back down to low $50s. Busted through all 50, 100 and 200 EMAs but the Stoch is bottoming out to coincide with a push back up, bouncing off low $50s.
Interested to see what happens tomorrow.
MFG Price at posting:
$54.87 Sentiment: Hold Disclosure: Held
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