PennyStocks101

MICT at Key Level...Now What?

NASDAQ:MICT   MICT, Inc
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"

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