First off, let me say I'm a complete NOOB and mostly paper trading as I learn the ropes but, I'm putting in lots of time and would like your thoughts. I've been watching
MULN
for a while now and have a small position. Today I noticed that it appears to be in a descending triangle. From everything that I've read and seen online this does not bode well for the stock in the near term? I would like to hear from those who are more experienced than I at technical analysis. Is my read on this correct in the near term. The pattern is almost identical across all my time frames (39m,78m, & daily.)
Thanks in advance.
-Lost
MULN
for a while now and have a small position. Today I noticed that it appears to be in a descending triangle. From everything that I've read and seen online this does not bode well for the stock in the near term? I would like to hear from those who are more experienced than I at technical analysis. Is my read on this correct in the near term. The pattern is almost identical across all my time frames (39m,78m, & daily.) Thanks in advance.
-Lost