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notprofessorgreen
Jun 23, 2022 1:00 PM

MICS looking strong Long

The Singing Machine Company, Inc.NASDAQ

Description

Looks like MICS had a big insitutional buyer recently, showing a huge amount of volume come in that drove the price up after a 30/1 stock split. Price has held since then with an U/D ratio of over 2 - a strong indication that this is being bought by institutions. This could almost pass for a high tight flag too. There looks to be supply at $9.31, but a long trade with a stop at the 78.6 fib targeting $9.31 has a good R/R and potential 20% profit
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