WILL MGM BEAT THE ODDS?The overall trend is up and the RSI is showing a buy signal.
BUT...
It recently gapped down and that is always a bearish signal.
So what to do you ask?
Wait for confirmation of course.
The trend up will continue if it closes above 20 and this is where I would open a position.
It may be a little premature to short this because of the strength of this uptrend.
I'll keep updating as the signals become more clear.
HAPPY TRADING!
