MARK is a technology-focused company, develops and deploys artificial intelligence products for business solutions. They have a thermal camera that can help businesses detect high body temperatures for potential COVOID-19 victims. With COVOID-19 infections slowly ticking up in the US and more cities are are temporarily shutting down, we might see more demand in these thermal cameras for businesses. MARK has been coiling up in the triangle for a potential breakout past the hourly resistance and 0.5 fibanocchi at around $2.40 MACD indicator is slowly crossing back up on the 4hr chart which is bullish. An ER is scheduled on July 6th, 2020 at 4:30 pm EST. MARK also has about 16% Short Interest. Keep in mind I am not a financial advisor and this information is strictly for educational purposes only.
Woo! Nice breakout and kudos to whoever got in! PR coming today after hours so be wise and DON'T GAMBLE! But that is your decision. Positive responses from the PR might propel this higher to possibly $3.00
@tae9141, Unfortunately couldn't get higher cause of the ER :(
johnnydoe314
⋅
New trader here. How do we differentiate this versus a descending triangle?
breakthroughtraders
⋅
Like the way you think. I am not an in and out guy, I like a little more motion in the ocean, but I am looking for a second phase 2 breakout to occur very soon. I wish we saw volume coming in, but the chart looks great otherwise. Hence, a not perfect play, but one I am willing I win!