Double Bottom in previous scenario showed bullish results
Current double bottom is yet to continue, but I have bullish hopes
Similar breakout to the first double bottom in the rotated rectangle I am expecting.
Bullish on this Weekly timeframe
MPAA seems to me right now pretty neutral till few more days. We got a nice wedge chart pattern, we see a drgonfly doji candlestick pattern, the retest fits perfectly to the price zone and the wedge. At 16 June MPAA have earnings reports that I think will drive the price for good or not.
I believe that we will retest and then there are 2 scenerios. First one its...
NASDAQ:MPAA
MOTORCAR PARTS OF AMERICA INC #MPAA
- #MPAA has been trading on a parallel channel since November 2020
- USD 19.50 acted as a good area of support on the last reversal looking type candle
- The RSI is low and has room for an upside
- MACD, slightly below 0, is signalling a reversal
- The first test will be at the 50MA, if #MPAA will manage to seat...
Possible earnings trade setup.
Stock has reclaimed the 200ma as support.
50MA is also rising as support.
Major downtrend break possible.
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Possible entry level $21.07 with $24.40 as upside target.
Bullish Golden cross 50&200ma's crossing
Bullish buy signal 7&12ma's crossing
Rising RSI and stoch.
Increasing volume.
Motorcar Parts of America, Inc. engages in manufacturing, remanufacturing, and distribution of automotive parts. Its products include starters, alternators, wheel hub assemblies and...
Technical Concept: Support becomes Resistance (Red Arrows= Resistance) (Blue Arrows= Support)
I not use sophisticated technical jargon in an attempt to persuade and Impress the reader
I do not use fancy Charts plenty of Indicators, Oscillators, and other stuff, all in a stock chart,
in an effort to impact the reader with my knowledge because I not a guru,
I use a...
