MKTX Bullish Scenario

MKTX Signal

• Entry - $280
  
• Target 1 - $368
  
• Target 2 - $422
  
• Invalidation - $254
  
• Risk to reward ratio - 5.2
  

Technical confirmations

• We think that price just finished impulsive part of Elliot Wave analysis and now should make a correction upwards.
  
• There is huge increase in volume at the bottom now.
  
• The main target is set to 0.5 Fib zone and also there we can spot a liquidity zone so it makes sense for the price to climb to $422.
  

Fundamental confirmations
Why should price reach Target level?

• P/E ratio 42% shows that investors forecast big growth for this company.
  
• Debt to equity ratio: <1 (Stable company).
  
• CNN price targets: min $300, medium $370 high $460.
  
• Zacks verdict A on companies growth ratio.
  
• MKTX ROE and ROA ratios are above industry average.
  
• Q1 results came positive and shows growth.