This might be the BEST time to buy Mattel!
The fundamentals are a little ugly, but if I were a contrarian investor, this one might look ripe. They say to buy when there's blood in the streets.
The technicals indicate very low risk. You couldn't ask for a cleaner double bottom. It's also consolidating very tightly under well established downtrend resistance (dating back to mid 2016). I would watch this level and if the price managed to get above it, I would buy here.
The technicals indicate very low risk. You couldn't ask for a cleaner double bottom. It's also consolidating very tightly under well established downtrend resistance (dating back to mid 2016). I would watch this level and if the price managed to get above it, I would buy here.
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