MIK bullish divergence

Nothing too crazy here, just NASDAQ:MIK making a fresh new 52wk low while showing some bullish divergence. For study purposes i would be long this stock for a short bounce. lets see where it goes

Everything here is purely my opinion, and in no way advice or recommendations on making trades. I may or may not hold positions in the instruments I analyze.

Cheers,
Les

Operación cerrada manualmente:

This idea served its purpose, upbeat earnings created a gap higher and this would be a good place to close the trade. not as much profit as could have had but still closing this out at a positive gain.

Cheers,
Les