Long

MATR: Weekly buy and hold

Updated
Technical trade. If I am filled below, then my targets are from $6.50 to $9. This is a $4 to $5 range of profit with a small risk of loss. I don't plan on monitoring this trade if filled, but limit orders are in. I am mainly focused on currencies.
Trade active
Tuesday at 5pm New York Time, Mattersight reports its earnings. I don't expect much, but I do expect the company to tell us investors that they are doing better than before. I took a small position just in case I am not filled by the end of today or tomorrow (before the earnings).

What I expect:
(1) Market to gap down to fib support and confluence of support and then rise.
(2) Market to find support here, then rise.

Type of trade: long-term swing trade, but semi-investment (possibly 4 months? But if the company shows better signs, then I will monitor it less.).

Risk:
- Market crash
- No one interested in improving their customer service

I am holding most trades from last week. This is a new addition.

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Trade active
Entered long at daily key levels, looking for a bounce to come in the coming days to weeks. If earnings are excellent today at 5pm EST in a surprising way (and I do not think that they would be excellent), then this could be the catalyst the pushes this stock upward from here.

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Trade active
Buying when its scary and red:

All my orders are filled. I did not expect this. I am happy about that.
I like the candle and volume show at the end. I guess others jumped in with me to compete with buying as many shares of this company as possible.

Now, it time to prepare for the conference call in thirty minutes.


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Note
In a nice triangle and at support...

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Note
Earnings on November 2, 2016 (8 business days): snapshot
Note
Earnings in 8 days. The volume today confirms the mini breakout.
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