$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 is currently at historical lows and appears to be extremely cheap for the mid - long term
Commentaire:
We've broken the neck line, approacing resistance at 18.22. Nice little trade here