MTBC -Presentation next week and Earnings in Nov
Updated
MTBC hit 5.44 on news a 2 weeks ago. Currently consolidating.
Might be setting up for another run as conference/presentation is next week.
Earnings is set for November.
Swing Idea - buy within the triangle and set a SL 5c below support.
MACD and RSI needs to increase for buyers to enter.
RSI not overbought nor oversold. Another news might set MTBC to retest $5 prior to earnings.
If you're entering this trade idea - set your SL 5c below support. Good Luck
Might be setting up for another run as conference/presentation is next week.
Earnings is set for November.
Swing Idea - buy within the triangle and set a SL 5c below support.
MACD and RSI needs to increase for buyers to enter.
RSI not overbought nor oversold. Another news might set MTBC to retest $5 prior to earnings.
If you're entering this trade idea - set your SL 5c below support. Good Luck
Note
Reached my PT and have scaled out before earnings. I'll have 5% shares left and moved my SL to breakeven.
IF Earnings is good I will just let the 5% ride.. and possibly add on the dips.
Trade closed: target reached
Last Friday I sold most prior to earnings report and held 100 shares for earnings play.Today - I got stopped out as the earnings was missed.
I think it's oversold and will wait until there is a sign of reversal.
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