Prepare for a major breakout. This should not be trading under the 30 week moving average especially with the way the market is tending up and volume finally coming into cryptocurrencies. Fundamentally I believe the Phase 1 and Phase 2 China trade deals will be major factors in the S&P trending higher for another 6mo-1yr. This means the opportunity is huge because it will close the gap to the 30 week MA and then it will extend up to test the previous high. Follow the money. Ripple bought shares at 4.10 and they intend to make a profit.
Note
Looks like Brinks bought out about 5% of the moneygram shares around the 2.06-2.50 level. Like I said, follow the money.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.