yo yo back in action, hope everyone had a good weekend
so MFA is a cool one, I used to trade it before covid shut down.
Right now it is flagging pretty well, as long as it stays in that triangle we can expect a bullish breakout. As of right now (June 22nd) the stock futures are down so if we see a negative impact tomorrow morning (June 23rd) we can see this tank with the overall market as it did during the shutdown. Not too much volume so the movement wont be as fast to 4 dollars. They did better than expected on earnings and are said to be coming back stronger so keep that in mind. 2.50 is support from what I can tell but again it can tank with the market. Let me know how it goes if you get in. thanks
this is not financial advice, this is simply my analysis that you can use to your discretion.
trade smart! good luck
:)
so MFA is a cool one, I used to trade it before covid shut down.
Right now it is flagging pretty well, as long as it stays in that triangle we can expect a bullish breakout. As of right now (June 22nd) the stock futures are down so if we see a negative impact tomorrow morning (June 23rd) we can see this tank with the overall market as it did during the shutdown. Not too much volume so the movement wont be as fast to 4 dollars. They did better than expected on earnings and are said to be coming back stronger so keep that in mind. 2.50 is support from what I can tell but again it can tank with the market. Let me know how it goes if you get in. thanks
this is not financial advice, this is simply my analysis that you can use to your discretion.
trade smart! good luck
:)