This is not financial advice and should not be treated as such.
MOGO - By Aristotly
Mogo, Inc. is a financial technology company. It provides a financial health app that empowers consumers with simple solutions to help them manage and control their finances. Through its app, the company provides free credit score monitoring, identity fraud protection, digital spending account with platinum prepaid visa card and digital mortgage experience. Its MogoCrypto account enables users to buy and sell bitcoins, and access to smart consumer credit products through MogoMoney.
Hi guys, I have been lurking for a month or so trying to learn as much as possible and gather the courage to make a ta submission. Thanks in advance for any feedback. Main reason for the short is because of what happened to crypto over the weekend. Mogo are heavily involved with BTC and will probably suffer the same fate as COIN, SQ, TSLA etc next week. Weekly chart: - Bearish engulfing. - Negative divergence on the stochastic and cci. - However, volume slowly declining. Daily chart: - A streak of red days and a drop in sell volume indicating that sellers are losing motivation and we might get some green (I don't think this will happen quite yet because of what happened this weekend). - Cci and stochastic are showing oversold. - Most recent daily candle looking like a red hammer.