Write sometning about your psyhology thinking before trade? Feeling during day was ofull, but now I am in good shape for trading
Describe the trade. What you see? there is a channal on downtrend so the play will be between support and resistance of that channal
What have I done well for this trade? enter point was according to toplogy of the price
What can I...
Nothing too crazy here, just NASDAQ:MIK making a fresh new 52wk low while showing some bullish divergence. For study purposes i would be long this stock for a short bounce. lets see where it goes
Everything here is purely my opinion, and in no way advice or recommendations on making trades. I may or may not hold positions in the instruments I analyze.
$MIK appears to be forming the right shoulder of an Inv H&S pattern. Resistance currently sits around $18.24, showing an upside of +9% from the neck line.
$MIK is currently at historical lows and appears to be extremely cheap for the mid - long term
Mik stock closed below the middle bollinger band, both the MACD and the CCI indicators are showing bearish signals. The stock is below its 200 and 50 day moving average. According to IBD, this stock is perfoming truly bad compared to other stocks (Has a composite rating of 26, while top stocks have it under 98-100). I truly believe this stock can't go any higher...
I've recently entered a long position in this gem of a company. It has good fundamentals, fine earnings, and keeps an ear out on new trends in it industry: Retail of arts&crafts stuff. Great online store, 3rd in it's category worldwide according to similarweb stats. Lots of opened new job positions and stable income.
Expecting 27-28$ levels soon, and I'm not kidding :)
MIK is in a downtrend, possibly a downtrend that may end at $0. All indicators are pointing down. There is a small possibility to profit in the short term before a possible bounce.
formed a H&S. MACD crossing down. OBV inconclusive. Stoch RSI crossing down.
formed a series of lower highs. All indicators...