MP
Setting up for a run keep on watch Follow me for clean charts, we will be watching and wait for the breakout you have to wait for the breakout we will be looking for this to make a move back to old high after the breakout.
How to trade this and my trade idea around this will be covered in tonight's free trade idea webinar hit the link to sign up us02web.zoom.us
GNC - FIB Retracement - New Exclusive Product By MusclePharmGNC Holdings, Inc. is a specialty retailer of health, wellness and performance products, which include protein, performance supplements, weight management supplements, vitamins, herbs and greens, wellness supplements, health and beauty, food and drink and other general merchandise. The Company's operations consist of purchasing raw materials, formulating and manufacturing products and selling the finished products. It operates in three segments: U.S. and Canada, International and Manufacturing/Wholesale. Its U.S. and Canada segment generates revenues primarily from sales of products to customers at its Company-owned stores in the United States, Canada and Puerto Rico, through its Websites, GNC.com and LuckyVitamin.com. Its International segment generates revenue primarily to its international franchisees. Its Manufacturing/Wholesale segment comprises its manufacturing operations in South Carolina and its wholesale partner relationships.
27.25M 07/15/19 (Short Interest)
P/E Ratio (with extraordinary items)
5.45
P/E Ratio (without extraordinary items)
2.93
Analyst Recommendation Price: $3.50
Analyst Recommendation: OVERWEIGHT
News: BURBANK, CA / ACCESSWIRE / July 25, 2019 / MusclePharm® Corporation (OTC PINK: MSLP) (“MusclePharm” or the “Company”), a scientifically driven, performance-lifestyle sports nutrition company, today announced the launch of eight ready to eat protein snacks with GNC, a leading health and wellness brand.
This launch includes MusclePharm’s long awaited and cutting-edge new protein snacking concept, Protein Candies, which will be sold exclusively at GNC. MusclePharm Protein Candies are single serving packs of multi-colored chocolate gems that provide 10g of protein, allowing consumers to indulge without the sacrifice. (Source: finance.yahoo.com)
SHORTING EURGBP AT RESISTANCE, FIBONACCI LEVEL AND "BROKEN FANG"The EURGBP0.18% has multiple times had trouble with the dashed blue line (both now and in the past, go the the 4hr chart!) but has recently broken through it and is now coming back up. We look to short it when it comes back into the 0.7155s again as we then get what i call the "broken fang" setup meaning that price prints lower lows but equal highs.
We are also in an obvious downtrend on this pair as can be seen on the pink lines indicating lower highs.
Our stops go above the resistance level and I'm hoping to catch a 1:3 on this one as price should come back down to at least 0.7126. Moving my stops to breakeven when price hits 2/3 of profit.
Good luck everyone and as usual, hold your thumbs!