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glennmercer

MITK Long: Bat Complete at 100 Day EMA Support

Long
Mitek Systems, Inc. (NASDAQ:MITK)  
glennmercer Updated   
NASDAQ:MITK   Mitek Systems, Inc.
Moving Average Convergence / Divergence (MACD) Divergence macdivergence macd_divergence MITK usstocks Equity Stocks glennmercer gmercerfx Bat Bullish Bat PRZ emasupport support S/R Exponential Moving Average (EMA) confluence missedpivot missedpivots Pivot Points pivot Weekly Pivots
2
0
macd divergence macdivergence macd_divergence mitk usstocks equity stocks glennmercer gmercerfx batpattern bullishbat prz emasupport support s_r ema confluence missedpivot missedpivots pivotpoints pivot weeklypivots
MITK has completed a bullish bat in a with a PRZ that is confluent with support from the 100 day exponential moving average. To add to bullish bias, 2 missed weekly pivots sit above price. Entry is placed at the bottom of the PRZ with target at the missed weekly pivot from 12/14.

Confluence in the PRZ:
  • Bullish bat
  • 2AB=CD
  • 2.272BC Projection
  • EMA100 Support
  • Bullish MACD Divergence
  • S/R Zone
  • Missed weekly pivots above price
Trade active
Comment:
Great bounce, moved SL to B/E
Trade closed: target reached:
TP at +16%

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