#MPAA - Good upside

22 Feb 2021

MPAA

MOTORCAR PARTS OF AMERICA INC #MPAA

- #MPAA has been trading on a parallel channel since November 2020
- USD 19.50 acted as a good area of support on the last reversal looking type candle
- The RSI is low and has room for an upside
- MACD, slightly below 0, is signalling a reversal

- The first test will be at the 50MA, if #MPAA will manage to seat above further upside can be possible
- We will increase our position at USD 21.70

Entry price USD 21.02
Target price USD 23.44
Stop loss USD 19.00