MBII came into our smart money scan as it had 26 million dollar worth insider purchase on 7th Feb. On the technical side it seems running within an upward channel & now heading to its upside resistance. We think it has a good chance to hit $1.43 shortly.
* Trade Criteria * Date First Found- February 15, 2018 Pattern/Why- Momentum upward trade Entry Target Criteria- Current price ($1.26) Exit Target Criteria- $1.43 Stop Loss Criteria- $1.04 Indicator Notes- Twiggs money flow crossed to the positive zone. Special Note- 26 million dollar purchase on 7th February, 2018
Please check back for Trade updates. (Note: Trade update is little delayed here.)