May. 23 at 4:32 PM
$MAT is locked in a tight consolidation phase as it works to digest the Q1 results. 🧸
The toy giant is clearly in a "show me" period. With the Barbie movie hype now fully in the rearview and the focus shifting to organic sales growth and margin expansion, the market is waiting for the next catalyst. The technicals suggest a support-test mode, but the long-term brand equity of Hot Wheels and Barbie remains the ultimate safety net. 🎯 I think the floor is in..
🐂 Bulls: Need to hold 14.50 as a firm floor to base for a move toward 16.50
🐻 Bears: Need to crack 14.00 to force a test of yearly lows
📊 Lean BULLISH
#MAT #Mattel #Investing #hovdid
