$MBLY U&R?

looks like and technically is a fairly new IPO. However, it was a publicly traded company prior to buying them in 2017. They re-IPO’d in 2022.

I am playing this as an Undercut and Rally play. Earnings are behind them, and they beat expectations and guided sales and earnings higher. My stop is a close below today's low.

A word of caution, they are located in Israel and may be affected in some way by the conflict going on over there.

They have enjoyed several upgrades as well. See Chart for additional notations.

Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.

הערה

I stated above that guided higher. They did not. Instead they guided lower. They did beat on both current earnings and revenue.

I am still in the trade and will stay with my trading plan and current stop.

הערה

I have raised my stops, I have 2, so that this will be a profitable trade. They are hard stops entered into my trading platform. If this continues to rise, I will buy additional shares once we have a close over yesterday's high of 35.86. All TBD.

הערה

I took 1/2 of this off with $1.67 profit per share which is a 5% gain on these shares. I have a hard stop on the balance with a 3% gain. If I don't get stopped I'll follow my trading plan as above to add back and more. All TBD.

עסקה סגורה: הגיע לסטופ

I have been stopped out of my remaining shares. Back on watchlist.

עסקה פעילה

I like the action in this morning. I have started a 1/2 sized position. I'll look to add or get stopped based on tomorrows CPI report... My stop is todays LOD.

Brent_Calver

Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.

I am under no obligation to post any action or update to any idea.

Follow me on "X" where I post more content.

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Brent_Calver

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