MKTX Bullish ScenarioNASDAQ:MKTX Signal
Entry - $280
Target 1 - $368
Target 2 - $422
Invalidation - $254
Risk to reward ratio - 5.2
Technical confirmations
We think that price just finished impulsive part of Elliot Wave analysis and now should make a correction upwards.
There is huge increase in volume at the bottom now.
The main target is set to 0.5 Fib zone and also there we can spot a liquidity zone so it makes sense for the price to climb to $422.
Fundamental confirmations
Why should price reach Target level?
P/E ratio 42% shows that investors forecast big growth for this company.
Debt to equity ratio: <1 (Stable company).
CNN price targets: min $300, medium $370 high $460.
Zacks verdict A on companies growth ratio.
NASDAQ:MKTX ROE and ROA ratios are above industry average.
Q1 results came positive and shows growth.
