This is not a financial advice.
Possible set up in the next month or so.
The downside is that this stock had never slid down below the 240 EMA of which is a concern for the bulls. Luckily, today's drop didn't come with mass volume meaning that the institution, whales and millionaire purchasers are continuing to hold.
If the pull back continues, then we are technically falling off of the "box zone" meaning that this stock may enter into an area of the "unknown".
MMAT
Possible set up in the next month or so.
The downside is that this stock had never slid down below the 240 EMA of which is a concern for the bulls. Luckily, today's drop didn't come with mass volume meaning that the institution, whales and millionaire purchasers are continuing to hold.
If the pull back continues, then we are technically falling off of the "box zone" meaning that this stock may enter into an area of the "unknown".
MMAT