BY LICIA LESLIE
July 28, 2023
Each week, I’ll give an overview of a stock and Licia Leslie will follow that up with a chart analysis the next day. Bill Griffo will chime in with macro analysis and Andrew Giovinazzi will then finish out the week with a volatility breakdown.
Have a stock YOU want us to review? Email my team here. – Mark
Hey Traders,
Along with the rest of the market, Mattel (Ticker: MAT) had a big reversal day yesterday.
That has created a shooting star candle which may be signaling an end to this rally from $15.40.
In the short term, I think MAT can trade down to $19.50.
In the longer term, MAT has traded in the range of $24 to $16 since June 2022.
Doesn’t look like it is going to break from that pattern anytime soon, to me.
Trade accordingly.
Thanks for Reading … See You Next Tuesday,
Licia Leslie
Licia Leslie
Head of Technical Analysis
See what's hot at option pit
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BY LICIA LESLIE
July 28, 2023
Each week, I’ll give an overview of a stock and Licia Leslie will follow that up with a chart analysis the next day. Bill Griffo will chime in with macro analysis and Andrew Giovinazzi will then finish out the week with a volatility breakdown.
Have a stock YOU want us to review? Email my team here. – Mark
Hey Traders,
Along with the rest of the market, Mattel (Ticker: MAT) had a big reversal day yesterday.
That has created a shooting star candle which may be signaling an end to this rally from $15.40.
In the short term, I think MAT can trade down to $19.50.
In the longer term, MAT has traded in the range of $24 to $16 since June 2022.
Doesn’t look like it is going to break from that pattern anytime soon, to me.
Trade accordingly.
Thanks for Reading … See You Next Tuesday,
Licia Leslie