MYSZ had an abnormal volume yesterdayToday it is creeping up slowly under the radar. Yesterdays high volume is an indication of something is cooking in the pot. We shall see. Price action is coming at this point @ 4.28 right now
MYSZ trade ideas
My Size, Inc*investment opportunity - risky, market capital <$8million*
Happy with the risk? Read on…
On the above 10-day chart price action has corrected 80% from early 2017 once the 15:1 reverse stock split is taken into consideration. A ‘incredible buy’ opportunity was illuminated early last year. Although the buy signal was not confirmed until around 91 cents.
Going long was not possible until price action resistance was broken. Guess what just happened after a period of 1600 days?
Following a period of consolidation and the ‘incredible buy’ signal with a breakout of RSI resistance in September 2020, price action has now confirmed support on past resistance. Fantastic. In addition to the breakout all oscillators are printing higher lows. This is as good as it gets.
Is it possible price action falls further from here? Sure.
Is it probable? Very unlikely.
Fundamentals are not something that usually interest me but in the case of this project, the patented concept is remarkable. If indeed more and more of us are shopping online then it would stand to reason suppliers will be looking to increase the efficiency of their operations. Certainly worth a read:
mysizeid.com
1st target: $10.75
Good luck!
WW
Scythe Pattern formed on MYSZ - Where's the bottom?After hitting a 6 month high in the past week. MYSZ has formed a bearish scythe pattern, dropping below its 50 period moving average and latest support on the hourly chart. If the bearish continues towards the MA 200. I'd expect it to receive support somewhere in my green box near the 200 MA and previous long term support.
My Size Inc Bullish $myszMy Size, Inc. is a technology company, which is based on the development of applications that can be utilized to take measurements of a variety of items via a smartphone. It focuses on the e-commerce, courier services, do it yourself uses and usage as a tape measure. The company was founded by Ronen Luzon on September 20, 1999 and is headquartered in Airport City, Israel.
MYSZ BreakoutBullish wedge formation coupled with a symmetrical a triangle makes this an appealing short-term swing trade. MACD showing positive divergence and RSI showing a healthy rally for the last month. As a low float, increasing publicity has treated investors well with quick movements - looking to hold to $1.50 before taking profits.
$MYSZ Stock Analyst 3/1/18NASDAQ:MYSZ
Summary
S tock is still finishing off super bullish based off AH price action (1.62 as of 20:00 3/1/19) .
Today's ability to stay in the green despite 44% short attack today is a YUGE positive! We're remaining bullish and all major indicators are showing a BUY signal. This will carry over into the ROTH Conference Event , which $MYSZ will be headlining with an open demonstration and live Q&A with both Ronen L, CEO and Eli W., Chairman.
On Feb 25th 2018, Ronen L (.CEO) went on a 10 minute interview on the Fox Business Show, "New To The Street." Towards the end of the interview Ronen stated: "We're in talks with the biggest apparel retailer in the USA" (Video Mark: 5:20-5:28 -- Note: Paraphrased).
According to data that would be fashion mega retailer GAP. NYSE:GPS brings in an annual revenue of $21B per year.
Chart Perspective:
Gap Up Breakthrough: 1.73
Support Level: 1.57
Resistance Level 1: 1.91
Resistance Level 2: 2.20
Breakthrough Between $2:20 | --- | $2.90 | --- | $3.60
RSI Bullish at 50. Ascending volume line indicates that this will form a bullish uptrend until 70.00.
Once at 70.00 we need to maintain volume in order to not have the stock reset back down for correction. However, if we can confirm new highs the RSI will adjust itself accordingly. But between 50.00 - 70.00 RSI is pure gold! HOT!
MYSZ Potential ReversalNot only was the Fibonacci level respected at the end of trading and after hours, but this is also a previous support level off of its last major dip. RSI is fairly low and MACD shows potential to cross and start a bullish ascend. However be wary. I wouldn't buy in until your sure it's on a strong ascension perhaps at $1.50+. Volume needs to be strong as well. We will see what happens Monday. I have a price alert set at $1.42. I will watch until $1.50. Then I'll make a decision based on volume. This is not trading advice. Don't follow a noobs advice. Just my idea.
