Replies to post #511 on Mitek Systems, Inc. (MITK)

[wadirum1]

Yes, that's the PR I was looking at.

Here's the MITK ADX/PPO pincher chart. This will eventually pinch, it seems, but for right now the direction remains downward. The PPO and TRIX need to be curling up, the black ADX needs to be curling down, and the red ADX needs to come down to cross the green ADX. This chart says that $6 doesn't have a chance to hold:

[wadirum1]

Powerful-looking intra-day chart today. Sometimes you have to just toss all the technicals in the trash... I haven't bought any MITK yet, but I'm not as confident as I was at the open that I can get this cheaper.