My Size, Inc

*investment opportunity - risky, market capital <$8million*

Happy with the risk? Read on…

On the above 10-day chart price action has corrected 80% from early 2017 once the 15:1 reverse stock split is taken into consideration. A ‘incredible buy’ opportunity was illuminated early last year. Although the buy signal was not confirmed until around 91 cents.

Going long was not possible until price action resistance was broken. Guess what just happened after a period of 1600 days?

Following a period of consolidation and the ‘incredible buy’ signal with a breakout of RSI resistance in September 2020, price action has now confirmed support on past resistance. Fantastic. In addition to the breakout all oscillators are printing higher lows. This is as good as it gets.

Is it possible price action falls further from here? Sure.

Is it probable? Very unlikely.

Fundamentals are not something that usually interest me but in the case of this project, the patented concept is remarkable. If indeed more and more of us are shopping online then it would stand to reason suppliers will be looking to increase the efficiency of their operations. Certainly worth a read:

mysizeid.com/

1st target: $10.75

Good luck!

WW

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1st higher low confirmed since.... ever.

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A 60% move up today. The reason:

"My Size (MYSZ) said Tuesday it won a contract from Dockers (Turkey), a unit of American apparel company Levi Strauss & Co. (LEVI), to provide its proprietary artificial intelligence-powered sizing technology."

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What a bloodbath. 'Incredible buy' now prints on the 5-day chart, this would seem like a good moment to dollar cost average in for long term position

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Price action resistance breakout.

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In case you’re wondering about the reason behind the explosive increase in price action:

“MYSIZE REPORTS SECOND QUARTER FINANCIAL RESULTS WITH RECORD REVENUE GROWTH”

Key Financial Highlights for the Second Quarter Ended June 30, 2022 Compared to Prior Year Period

Revenue increased 2570% to $801,000, primarily attributable to revenue generated following acquisition of Orgad
MySizeID revenue increased 63% to $49,000
Gross profit increased 973% to $322,000
Operating loss decreased 62% to $1,651,000
Net loss decreased 60% to $1,716,000
Cash balance at June 30, 2022 of $6.5 million
Inventory balance at June 30, 2022 of $1.2 million

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Double buy signals on the 10-day print, usually a good sign

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Comment:

strong bullish divergence printing on this one at the moment.