Technician
Short

MATTEL: Looking for a medium term correction

BATS:MAT   MATTEL INC
136 0 1
Bearish weekly shooting star candle near 48.30 major high, bearish divergence on Momentum and Money flow index , provide an attractive short in terms of reward to risk.

first target at 43.80 area, which is a confluence of the 50-days SMA a rising trend line and a horizontal support. On a break below this support look for major downside towards 39.90 next key support, a break above the recent high at 48.30 negates this setup.
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