For full disclosure I've been a long time holder of MLI. I love this company for its fundamental strength: They are a market leading, cost-advantaged provider of copper and brass tubing, fittings, and valves for the construction and HVACR markets. The company repaid all its long-term debt a couple of years ago, and has diligently expanded and upgraded its...
$MLI working on a double bottom base with a potential for an early cheat entry.
Volume pattern not the best but price action so far very constructive. Worthy of a secondary watchlist add.
$MLI metals manufacturer. RS already cleared its 52 wks high, while price remain resisted below a 3mths DTL.
price have been riding on its rising 10MA since Q4 earnings. convergence of shorter MA with 50d
it gained +39% in less than a month (oct'21) during the last DTL breakout
I bought MLI , and, have Never sold it.
I heard a Money Manager say:
"If you Bought a Stock for a reason , and, that reason hasn't changed...
you stick with it."
FYI the company will report on Feb 4 earning and this bearish top triangle may be the harbinger to what may come after earning. This bearish pattern has a measured move of 16% downside, and if you decide to take a short position, make your stop loss at $42.50. Join us www.woowtrading.net
