MTBC -Presentation next week and Earnings in Nov

MTBC hit 5.44 on news a 2 weeks ago. Currently consolidating.

Might be setting up for another run as conference/presentation is next week.
Earnings is set for November.

Swing Idea - buy within the triangle and set a SL 5c below support.

MACD and RSI needs to increase for buyers to enter.

RSI not overbought nor oversold. Another news might set MTBC to retest $5 prior to earnings .

If you're entering this trade idea - set your SL 5c below support. Good Luck
Comment: Reached my PT and have scaled out before earnings.
I'll have 5% shares left and moved my SL to breakeven.

IF Earnings is good I will just let the 5% ride.. and possibly add on the dips.
Trade closed: target reached: Last Friday I sold most prior to earnings report and held 100 shares for earnings play.

Today - I got stopped out as the earnings was missed.

I think it's oversold and will wait until there is a sign of reversal.


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