Upward momentum into earnings

18 февр. 2021 г.

MMGI made a nice cup and handle breakout today, going into a fourth green-day and making a new 52-week high. This low-float stock is enjoying a nice upward run in anticipation of earnings this Friday, February 19th before market open. I'm looking for it to break an ascending trend line at open at 12.1, push a multi-year resistance at 12.3, then test an expansion trend at 12.8. Support at 11.0. NTM or ATM calls appear safe for a gap due to questionable liquidity.