Mgi
$MGI Set To Keep Climbing$MGI is back climbing the charts after finding strong support at the $2 level. With the stock down from 52-week highs above $6, there's a lot of room for $MGI to run. About 8% of the float is short.
We've been bullish on $MGI since January 17 and the stock has consolidated and due for a move higher to close gaps. Our initial target is $4 a share.
In recent news:
MoneyGram International (NASDAQ:MGI) introduces a new service through which consumers can send money to their friend's mobile phone number via the MoneyGram website and mobile app.
Called MoneyGram FastSend, the new service is supported by Visa (NYSE:V) Direct rails.
To use FastSend, customers log in to the MoneyGram app or website, enter the receiver's name and phone number, and select FastSend. A text is sent to the receiver notifying them that they have funds available for deposit. The receiver then logs in, adds their debit card, and the funds are transferred into their bank account within minutes.
The service costs $1.99 per transaction from debit cards and has a $10,000 limit per transaction.
As always, trade with caution and use protective stops.
Good luck to all!
MGI MONEYGRAM TREND REVERSAL LONG SET UPBUY MGI MONEYGRAM
ENTRY 1 $2.60 & ENTRY 2 $2.00
OPTION PRICE TARGET 1 $5.00
OPTION PRICE TARGET 2 $7.00
OPTION PRICE TARGET 3 $10.00
Ripple partner, MoneyGram chooses VISA network for new service. Ripple's partner, MoneyGram launched the FastSend payment sending service. Despite its partnership with Ripple, MoneyGram decided to launch the product on the VISA network
Ripple has agreed to enter into a strategic partnership with MoneyGram (NASDAQ: MGI), one of the world’s largest money transfer companies. Through this partnership, which will have an initial term of two years, Ripple would become MoneyGram’s key partner for cross-border payment and foreign exchange settlement using digital assets. In conjunction with the partnership, Ripple has agreed to provide a capital commitment to MoneyGram, which enables the company to draw up to $50 million in exchange for equity over a two-year period.
The partnership with Ripple will focus on the xRapid product, a solution for on-demand liquidity, which reduces reliance on pre-funding by enabling money to be sent from one currency and instantly settled in the destination currency. It leverages XRP, the native digital asset of the XRP Ledger, as a real-time bridge between the sending and receiving currencies. XRP remains the most efficient digital asset for settlement with transaction fees at just fractions of a penny, compared to other digital asset fees of about $30 per transaction. Similarly, the average transaction time for XRP is two to three seconds with other top digital assets ranging from 15 minutes to an hour.
“As the payments industry evolves and matures, it’s imperative that we continue to improve our platform and provide the most effective solution to get funds from point A to point B,” said Alex Holmes, MoneyGram Chairman and CEO. “Through Ripple’s xRapid product, we will have the ability to instantly settle funds from US dollars to destination currencies on a 24/7 basis, which has the potential to revolutionize our operations and dramatically streamline our global liquidity management.MoneyGram operates globally in the $600 billion global remittance market, serving millions of customers in more than 200 countries and territories, supporting multiple currencies. Today, MoneyGram relies on traditional foreign exchange markets to meet its settlement obligations, which require advance purchases of most currencies. Through this strategic partnership, MoneyGram will be able to settle key currencies and match the timing of funding with its settlement requirements reducing costs, improving its balance sheet efficiency and reducing risk.
MGI Could see a rally to the upside...There are shots taken to get into a nice rally. Better watch the 50day MA to account for some resistance.
DIVS on the MACD and RSI played out nicely. I we get to the first target of approx $2,65 beware if a Wyckoff style patern (Accumulation time).
MGI - bullish elliott wave countMGI looks like it is finishing up a nice correction right now. Isn't it convenient that XRP and MGI appears to both be bottoming out at the same time? Should pump in unison.
$MGI Breaks Out After Finding Support At $2$MGI is back climbing the charts after finding strong support at the $2 level. With the stock down from 52-week highs above $6, there's a lot of room for $MGI to run. About 8% of the float is short.
In recent news:
MoneyGram International reported a 2% Y/Y increase in number of transactions in December, driven by strong performance from both its global consumer direct digital business and its international walk-in business.
The company also says that MGI customers sent the largest number of international transactions ever in the month of December.
As always, trade with caution and use protective stops.
Good luck to all!
MGI Falling Wedge Targeting the .382 retrace which is also the measured move of the falling wedge and a gap fill target.
MGI Long PlayVery cool chart, accumulation and tightening price action at the end of a wedge. Some bullish divergence on some indicators also near previous support. I like using fib EMA's (9,13,21) and the 9 is really close to its current price at $2.21. With all of this info long play seems great here, by candlesticks alone we are breaking out of this current contraction pattern and my bets are placed to the upside. With the 9 EMA so close, if we push above it and move out of this pattern the 13 and 21 EMA will be great support as well as this divergence in the indicators.
Moneygram (Ripple asset) Needs to perform to the upside..Moneygram (Ripple asset) Needs to perform to the upside to avoid new lows...
MGI Coming on up"Ascending triangle with lower lows . Tested resistance thrice looking for breakout from 3.30$ to 3.50$
I dont trade I pick stocks I am comfortable holding would the price dip 30% i am happy to put on a larger position at a discount. Mgi now approaching a 6 month lead as the first adopter of this new tech . Though in this scenario first mover may not grant all the benefits as they are trailblazing and incurring the cost of setting up liquidity in this new network. That is to say that a 3rd or 4th mover may come in this summer and have more advantages as the network is up and running with liquidity.
In my mind Ripple and MGI know this very fact and have taken measures to ensure MGI gets that first mover advantage. Or maybe the fact the company was dying was enough to push MGI into adoption though I doubt that .
Mgi seems to move against the S&P which in my mind is great. This is a great equity hedge against an equity market at ATH
Moneygram shooting for the cloudsThis analysis shows you a representation of easy money in the market by jumping into the volume leaders. The stock is fundamentally solid because of its asset/debt ratio and it's had no stock splits. I use the 30 week moving average to buy the pullbacks. You can use the RSI alongside the MACD to get a better understanding of the momentum. You can see that the momentum is bottomed out. The S&P 500 is trending up alongside the SPGI. Good buying opportunity in MGI for profits above 100%.
MGI -When I dip you dip we dip Accumulating on significant dips has zeroed out my cost basis , it's all green from here in the portfolio. Not sure if it affected price but Thomas H lee appears to have shed about 20 mill shares in this last shakeup. Considering the large number of puts on the day of this report is suspicious to say the least. Who cares though amirite? Yeah I'm right. Solid bounce back to 2.98$ lets go. Not to toot my own horn but BEEP FUCKING BEEP i believe one of my bullshit charts showed this happening.
Is this looking all that bearish for MGI ???The recent price action has been some kind of discourageing .... After hitting a temporary high in the high 6 USD the price has come back all the way down to around 2.50 loosing more that half of its value.
The price has broken support after support, showing an apparently very weak behaviour ...
On the other hand the price has been playing ping pong in a very steep falling wedge which could be seen as a BULLISH wedge (shown in the white colour).
Moreover a beautiful cup and handle formation is drawing its way on the chart (red colour cup).
Is it looking all that bullish for MGI ??
I think not at all.
MGI SWING TRADEMGI is still looking good here! It broke out of the short term downward trend and continues to battle for a high price. I still expect to cross the 200-day moving average by the end of the year. OR at minimum touch the 200-day ma. This looks like a great swing trade going into 2020. Enjoy!
MONEY GRAM VERY BULLISH UNTIL NOV 1Bought in today for a short term hold on Money Gram Stock around $4.45, symbol MGI. I think there is a possibly to retest the recent high of $6.69. There is speculation this quarters earnings will be a bullish sign of good things to come ahead. Watch for a SELL THE GOOD NEWS EVENT ON NOV 1rst when earning come out. Tom Demark Sequential System on the daily indicates another 1 to 6 days of upside. Keep a stop loss and make some profit.
MGI Leading diagonalWatching MGI for a leading diagonal. It will be interesting to see if this base line holds and trades up for a B wave.
BUY MGI at under $4 while you can! MGI will be one of the best-performing stocks over the next decade.
Please write this down and put it in your calendar for 5 years from today.
MGI will withstand the next market recession, MGI will return to ATH in our opinion.
When you understand what MGI is going to be doing in the near future with the Ripple Partnership you would understand this is a MUST BUY stock.
