timtrice

MAT - Relative strength

Long
timtrice Updated   
NASDAQ:MAT   Mattel, Inc.
MAT is another I've been in for some time and I love the action here but it is now running into resistance in the $22 area. I expect some hesitation or pullback here soon but this thing has been running well and with above average volume.

The gains come in the early AM and shortly after there's almost always a pullback so no need to chase this one on any open.
Trade closed manually:
Closed position as we get into heavy resistance from 2021. Could very well continue but RR is no longer favorable. Easy trade, thankfully.
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.