Today 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
*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...
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. 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.
Bullish 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.
Think next week this will hit at least 1 dollar as they are attending a apparel conference in New York. Biggest apparel conference of the year in New York. So think it will fly next week. This is a gamble on news take your own risks this is just an idea and my opinion.
