Looks like $MAT has twice tested this 100 period EMA on the Daily, which maybe shows enough support and after a period of consolidation a stronger move north of this position.
Trade active:
The more I looked at this, the more I like the 10 period EMA coming up close to my perceived trading zone, I decided to put $10 on the line to see where this goes. My daughter and I are really pulling for $MAT to shake off the doldrums and return to glory. One idea we had, $MAT needs to put "surprise" gear inside the Barbie packages. You cannot keep kids away from the "surprise" toys where you have a change to get "rare" items. They need to strongly consider this.
Comment:
Flaw in the logic here could be not waiting on the Daily to close above that level, or not test below it, which she has already done. However, price of admission was cheap enough. Stops in place.
