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unstoppabulltrading
Oct 29, 2023 2:37 AM

MBUU Short Short

Malibu Boats, Inc.NASDAQ

Description

With long term support broken and weekly gap right below, this name will likely trade down below 41. Strong fundamental suggests a turnaround at a micro level but macro headwinds/ recession fear might hit recreational industry hard, thus creating amazing buying opportunity.

This name deserves a spot on the watchlist!

PS - Not financial advice. Do your own due diligence.

Comment

Worked out exactly as the chart suggested. Deserves strong look for short on a fake breakout.
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