Nothing too crazy here, just NASDAQ:MIK making a fresh new 52wk low while showing some bullish divergence. For study purposes i would be long this stock for a short bounce. lets see where it goes
Everything here is purely my opinion, and in no way advice or recommendations on making trades. I may or may not hold positions in the instruments I analyze.
Cheers, Les
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This idea served its purpose, upbeat earnings created a gap higher and this would be a good place to close the trade. not as much profit as could have had but still closing this out at a positive gain.