Similar play to the DG earnings play (which has thus far performed 100% to expectations). Big bearish shark where the algos have kept it bound to the .886-1.13 box while MFI tanks. 1.618 projection is a minimum requirement for a shark and that's exactly where it closed at on Friday. Looking for a retrace back to 77.50 area after earnings here. Clear RSI divergence. I don't like to bet a lot on earnings so not laying anything big here and may just take profit before they report.
Comment:
2 fer 2 on these sharks w/ earnings. 78 in 2 weeks if not sooner.
