Long

MGI $17.00-$18.50 target in Aug or Sept

By IKeepItGreen
Updated
Price should pump to the first 2 targets within the next couple of trading days. If not, this will give a great chance to accumulate for the Sept target range.

Fib levels give some nice confluence for the parabolic move. Price should trade quickly through 0.382 - 0.618 before retracing slightly. This will give us a longer term confirmation on the bullish trend.

If price ccloses below 8.92 will reassess and see about a better entry. This stock is insanely bullish so just need to find the right entry.
Comment
Should flirt with 11 today or tomorrow. Perfect bounce off the 0.618 fib level

snapshot
Elliott WaveFibonaccimgimoneygramWave Analysis

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