demyanchuk
Long

Continuing MATTEL's growth

NASDAQ:MAT   MATTEL INC
With the formation of local and continuing long trend there are 2 potential buying signals:
1. Flag
2. Volume divergence

Recommendation is to buy

Entry point 33.00 (breakout of top flag's line)
Stop-loss: less risky 30.00 (turning to this support level breaks long-vision)
more risky 32.20 (-6 tics 32.26 current flag's low point)
Target pirice 40.00 (according to sizing and Elliot's waves methods of target prognosis)
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