MICT at Key Level...Now What?

MICT back to testing the 618 fib line. After plotting out a quick retracement for the year to date, this appears to have been a really consistent area of support and resistance . This S/R pivot turned into resistance a few weeks ago and now MICT is testing it. The thing to remember is what's coming next. Will it act as a catalyst beyond the "event date" or will it just be a "buy the rumor" type event, if at all?

"With second-quarter earnings slated for release next week, anyone looking at MICT stock right now should keep August 16th in mind. The company also plans to host a question, and answer portion during its earnings call before the opening bell"

Quote Source & Read More: Best Penny Stocks To Buy Right Now? 5 To Watch Before September


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.