MITK Mitek Systems Options Ahead of EarningsAnalyzing the options chain and the chart patterns of MITK Mitek Systems prior to the earnings report this week,
I would consider purchasing the 15usd strike price Calls with
an expiration date of 2024-9-20,
for a premium of approximately $1.75.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
MITK
$MITK Bearish To Bullish Reversal NASDAQ:MITK Bearish To Bullish Reversal, parallel down trend that started in September of 21. The break of the down trend started in August of last year and now its basing for over year. Perfect example of a bearish to bullish reversal. Mitek Systems, Inc. is a technology company specializing in digital identity verification and mobile capture solutions. They provide software solutions that allow businesses to verify the identity of customers remotely and securely, as well as capture and process documents and images using mobile devices.
Mitek's technology is often used by financial institutions, online marketplaces, and other businesses that require a reliable and efficient way to verify the identity of their customers for compliance with regulations and to prevent fraud. Their solutions leverage advanced algorithms and artificial intelligence to analyze various forms of identification documents such as driver's licenses, passports, and IDs, as well as to perform facial recognition and biometric authentication.
BAC, MITK, Gold and USD pairs analysis 5/4/2023We have very good trading ideas on USD pairs and also 2 stocks that I am currently watching for possible entry. USD pairs are heading for monthly open in my opinion and I will be willing to enter if it reached there.
( 8 Min. Video)
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MITK - Top-Down Analysis!Hello everyone, if you like the idea, do not forget to support with a like and follow.
WEEKLY: Right Chart
MITK is overall bullish and now approaching a support zone in green 12.0-13.0 so we will be looking for buy setups on lower timeframes.
DAILY: Left Chart
MITK is forming a channel in red but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing.
Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)
Meanwhile, until the buy is activated, MITK would be overall bearish can still trade lower inside the green support.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
MITK - Possible flag formation long from current price to $$9.70MITK 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.)
MITK- short from 7.85 to 6.33With the recent insider selling along with overall technical weakness, we took a short position on MITK. We also took Sep16, & Jul16, 7.5 put.
You can check our detailed analysis on MITK in the trading room link here-
Trade Suggestion Date: 6/7/2016
Trading Room - Executive summery link: www.youtube.com
Time Span: 12:40”
Trade Open: 6/8/2016
Trade Close: Running
MITK Long: Bat Complete at 100 Day EMA SupportMITK has completed a bullish bat in a with a PRZ that is confluent with support from the 100 day exponential moving average. To add to bullish bias, 2 missed weekly pivots sit above price. Entry is placed at the bottom of the PRZ with target at the missed weekly pivot from 12/14.
Confluence in the PRZ:
Bullish bat
2AB=CD
2.272BC Projection
EMA100 Support
Bullish MACD Divergence
S/R Zone
Missed weekly pivots above price