I'm learning all this- please do your own DD and feel free to criticize my work
I jumped on entry too soon but it was 50% of my original position intended and yes - if it ends up bouncing from here then i'll just put my SL on my entry , if not then i'll update the idea
I'm thinking of little long term hold on this -like December or so considering Holiday...
MAT broke and sustained its 200sma resistance a couple of days ago.
Todays candle above the trend (pink trend line) are confirmation MAT longer downtrend might be over.
Fundamental / News
December 15th tariffs were removed, easing pressures for them. However, 25% tariffs will remain on $250 billion
Chinese imports and 7.5% will be put...
The USTR says that the tariffs on some items, including “certain toys,” will be delayed until Dec. 15.
September is a key shipping month for those companies as they prepare for the holiday shopping season, when the majority of the industry’s business occurs.
Hasbro told CNBC earlier this month that it would have “no choice but to pass...
As an exercise of basic trading, I identified in HASBRO shares (last 3 months) a bearish trend line, specifically in March. The trend line is drawn from March 19th to March 22th. However, if you can see the charts for 1 year, you can see it's the lowest point after December in a bullish trend line.
Hi there. Price is forming a continuation pattern to the upside. On lower time frame price has already made the first impulse and currently is forming a continuation pattern to the upside. Wait for the price to complete the pattern and watch strong price action for buy.
JAKK has very decent fundamentals. The whole industry seems to be doing okay, leaving JAKK lagging behind.
If we look at all earnings releases in the past 3 years, they work the same way:
1) if there's a strong prior move up, the stock crashes on earnings release (even if it beats expectations 6-20%)
2) If there's a strong prior move down, the stock rallies on...
For what it's worth, this father of two thinks that Hasbro's current lineup of toys is much cooler than Mattel's.
Investors seems to agree.
Shares of Hasbro (HAS) are near an all-time high. Mattel (MAT) has been one of the worst performers in the S&P 500 this year. It's the misfit toy stock of Wall Street.
And it's been that way for a few years.
Why is Mattel...