mrmaximo74
Long

MICT in low float we sail

NASDAQ:MICT   MICT INC
TRADE TIMEFRAME Nov 29 - Jan 1 2019

MICT - Purchased at $0.42

Limit sell @ $0.54 (28.48% win)
Limit sell @ $0.64 (51.36% win)
Limit sell @ $0.79 (90.09% win)

Why?
MACD - Looks poised to make a northward turn, albeit a possible gradual turn
EFI - This indicator is actually showing a downtrend above 0, momentum is slowing (not good for my prospects lol)
Volume - Supports EFI in that there is much consolidation going on, and to me, that indicates an agreement on price in the
$0.36/$0.37 price range
Candlestick Group - Indicates to me a possible double bottom forming, getting poised to make a one day run north
RSI - Oversold territory, and this low float stock does not need much to make it rocket in a day

That being said, I'm in with my limit sells ready to go and cash in profits.

*Let's see what happens*

DISCLAIMER - I am not a professional trader. These are merely my thoughts on charting, what i'm seeing and if I am making the right moves. Seek a professional trader/broker for all your trading needs.
Dec 22
Trade closed: target reached: Took some patience but more than reached my targets!!! Sold all positions!!

Comments

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