MITK - Possible flag formation long from current price to $$9.70
MITK is forming a possible flag formation. It also seem an advance fallen angel formation.
We think it has good upside potential and it can be a momentum continuation trade.
* Trade Criteria *
Date First Found- May 6, 2018
Pattern/Why- Possible flag formation, advance fallen angel formation
Entry Criteria- Current Levels ($
Exit Criteria- 1st Target $9.70; 2nd Target- Momentum
Stop Loss Criteria- $8.46
Indicator Notes- Very powerful Twiggs money flow index
Please check back for Trade updates. (Note: Trade update is little delayed here.)
We think it has good upside potential and it can be a momentum continuation trade.
* Trade Criteria *
Date First Found- May 6, 2018
Pattern/Why- Possible flag formation, advance fallen angel formation
Entry Criteria- Current Levels ($
Exit Criteria- 1st Target $9.70; 2nd Target- Momentum
Stop Loss Criteria- $8.46
Indicator Notes- Very powerful Twiggs money flow index
Please check back for Trade updates. (Note: Trade update is little delayed here.)
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