Long
Speculative Long In $MULE
I think MULE is coming into an area where I feel comfortable taking a shot on the long side. Market mechanics for the past couple of years have taken on what I like to call a "trip it and rip it" pattern. Stops get run and then at maximum frustration, the stock rips higher. I think we might see that in MULE after a bit more downside. See the gap up with high volume and where I drew the rectangle. I'll be taking some calls here into January.
Portfolio Manager, Chief Market Technician JSPMLLC.COM
Portfolio Manager, Chief Market Technician JSPMLLC.COM
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.