MICT at Key Level...Now What?MICT back to testing the 618 fib line. After plotting out a quick retracement for the year to date, this appears to have been a really consistent area of support and resistance. This S/R pivot turned into resistance a few weeks ago and now MICT is testing it. The thing to remember is what's coming next. Will it act as a catalyst beyond the "event date" or will it just be a "buy the rumor" type event, if at all?
" With second-quarter earnings slated for release next week, anyone looking at MICT stock right now should keep August 16th in mind. The company also plans to host a question, and answer portion during its earnings call before the opening bel l"
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MICT
I like how MICT is loading1. It was invested more than $100 000 000 in a trading day on Feb 16th. The Average Volume range is from $1 000 000 to $9 000 000.
2. The Fixed Range Indicator shows that most funds are loading to the board between prices $2.48, $2.10, and $1.80.
3. Accumulation/Distribution Indicator shows that the stock is accumulating.
N.B. Just my opinion, it might be a great spot to open a Long position.
What do you think guys? Does anyone have different ideas?
MICT Stock Review!Hello everyone! Today I have a short term chart analysis for MICT. You can see the FULL video analysis by clicking the link below in my signature description!
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MICT in low float we sailTRADE TIMEFRAME Nov 29 - Jan 1 2019
MICT - Purchased at $0.42
Limit sell @ $0.54 (28.48% win)
Limit sell @ $0.64 (51.36% win)
Limit sell @ $0.79 (90.09% win)
Why?
MACD - Looks poised to make a northward turn, albeit a possible gradual turn
EFI - This indicator is actually showing a downtrend above 0, momentum is slowing (not good for my prospects lol)
Volume - Supports EFI in that there is much consolidation going on, and to me, that indicates an agreement on price in the
$0.36/$0.37 price range
Candlestick Group - Indicates to me a possible double bottom forming, getting poised to make a one day run north
RSI - Oversold territory, and this low float stock does not need much to make it rocket in a day
That being said, I'm in with my limit sells ready to go and cash in profits.
*Let's see what happens*
DISCLAIMER - I am not a professional trader. These are merely my thoughts on charting, what i'm seeing and if I am making the right moves. Seek a professional trader/broker for all your trading needs.
