Hi there. Price is forming a reversal pattern to change its direction. Wait for the price to complete the pattern and watch strong price action for buy.
Speculative long at 9.05$ $MAT on long horizontal + diagonal support confluence & bottom of the local trading range. Would at to position if 2W candle closes above 10$.
MAT looks like it has been consolidating for awhile now and with the recent put sweep and selloff in the markets, it looks ready for lower. The $9 puts for 17Apr have 43k oi and look very good if we reach our final put target, as long as this stays in the box we should be good to go lower.
The fundamentals are a little ugly, but if I were a contrarian investor, this one looks ripe. They say to buy when there's blood in the streets.
The technicals indicate very low risk. You couldn't ask for a cleaner double bottom. It's also breaking out of well established downtrend resistance (dating back to mid 2016). This is a buy.
Technical
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 fundamentals are a little ugly, but if I were a contrarian investor, this one might look ripe. They say to buy when there's blood in the streets.
The technicals indicate very low risk. You couldn't ask for a cleaner double bottom. It's also consolidating very tightly under well established downtrend resistance (dating back to mid 2016). I would watch this...
$MAT is trading higher after delivering strong Q3 earnings and putting its accounting issue behind it. Here are the highlights from Q3:
Dolls sales were up 5% during the quarter off a double-digit jump in the Barbie business, while the vehicles category saw a 13% gain off a stellar quarter for Hot Wheels.
The company's adjusted gross margin rate improved 390 bps...
News/fundamental
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...
