Osborne820

Bullish Pennant Breakout in Jakks Pacific

Long
NASDAQ:JAKK   JAKKS Pacific, Inc.
Looks ready to break out of its bullish Pennant Consolidation over $9.70. Very Strong Ichimoku Buy signal. Held and Bouncing off of cloud support after during turmoil. Setting up for a bullish MACD cross as well with VERY high Short interest over 34% with 16 days to cover. Recent ActivistHedge Fund position and Big Buy Back announced last qtr. Potential takeover candidate as well with Lucrative Disney Licenses.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.