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JoeHayes
Sep 3, 2014 3:48 PM

Pin Bar with Volume Spike and Momentum Divergence Long

MGM Resorts InternationalNYSE

Description

MGM brought huge volume yesterday to form a pin bar at support. This support level was hit with some momentum divergence and should hold. I am looking for a retest of 24.80s for a 1:1.5 RR ratio. Price has broken the high of yesterday, and this pullback should provide a good entry point of which to take advantage.
Comments
Technician
Nice catch
JoeHayes
Thanks Technician.. I'm enjoying quite a few of your ideas.
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