MKTX Bullish Scenario
MKTX Signal- Entry - $280
- Target 1 - $368
- Target 2 - $422
- Invalidation - $254
- Risk to reward ratio - 5.2
Technical confirmations
- We think that price just finished impulsive part of Elliot Wave analysis and now should make a correction upwards.
- There is huge increase in volume at the bottom now.
- The main target is set to 0.5 Fib zone and also there we can spot a liquidity zone so it makes sense for the price to climb to $422.
Fundamental confirmations
Why should price reach Target level?
- P/E ratio 42% shows that investors forecast big growth for this company.
- Debt to equity ratio: <1 (Stable company).
- CNN price targets: min $300, medium $370 high $460.
- Zacks verdict A on companies growth ratio.
- MKTX ROE and ROA ratios are above industry average.
- Q1 results came positive and shows growth.
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