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.)