# Fundamental Analysis

## Long term debt
- On September 2016, Monotype got 110M on Long Term Debt. Goal: 2 acquisitions.
- On September 2018, the Debt decreased by 27% (80M).

## Buybacks
- During 2016, only 6M were invested in buyback.
- During 2017, only 6M were invested in buyback.
- During 2018, in the first 3Q, Monotype invested 7M on buyback. And we still pending the Q4 reports (we are going to see them on Feb 15)
^^^ This last item may be considered as a positive Balance Sheet
- We are expecting a 5M long term debt payment during 2018 Q4, resulting in a 75M long term debt.

## Balance Sheet
- On September 2018, Monotype has 70M in CASH, covering more than 90% of the Long Term Debt.

We expect, during Q4 report (publish on Feb 15, 2019), seeing a Long Term Debt 100% covered by CASH, and a Long Term Debt less than 20% of the Equity, resulting in some indicator changes (positive).

# Technical Analysis .
- In the short term, we can see some accumulations limits on 16, 16.25, 16.75. They may be related to some good expectations about next Q4 report.
- Value crossed a huge resistance line, after dealing with it during a whole week.
- On another hand, Monotype seems to be on the top of the canal. May result in a decrease in the value. If Q4 results are positive, it may change from SHORT to LONG.
- Price going up with no volume . It can be considered as good expectations for the Q4 announcement.

# Summarize
Comment: # Summarize
1. If Feb 15 announcement is well accepted by traders, Monotype may cross the resistance line with more power, creating (maybe) a rebound.

2. If Feb 15 announcement is negative... Brace yourself.

From my point of view, option 1 has more chances to happen.
Comment: 1 day left for the announcement and volume is double than the previous days.
Positive (on LONG) news.
Comment: Pre-Market UP by ~7%
Comment: Market opens 1 hour after Monotype's announcement.
Stocks jump +6% during the first 30 mins.

Target Reached.
Comment: Due to the big jump, we may expect a correction (~ -3%) during next days.

From my point of view, this rebound should be a good indicator of BULL Market during the next months.
Trade active: Monotype continues to rise.
Currently, is on the top of the second big canal. We hope to see Monotype crossing it.
Comment: Crossing canal. Everything green.
Trade closed: target reached: Confirmed new Monotype tendency. 20% gain in 31 days
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