Mattel (MAT) is Running in Generational Cycles
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SUMMARY
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Mattel (MAT) had five wave peaked way back in 1998 and since then has been traveling within a very large and wide price channel as can be seen in the below chart. The blue parallel lines outline the channel borders and it seems likely that price could tag the bottom trendline again. Would it rise again towards the top trendline?
This kind of cycle within a price channel could be coinciding with the birth rate cycle for humans. As maker of toys, it would seem to be a sensible correlation given that at the beginning of a high birth cycle rate; MAT price should start rising and that might be happening again. Since the average millenial is about 26 years old, the human population could have a renewed birth cycle and that could bring MAT to the blue D wave target. However, the curren C wave decline also coincides with ToyRUs bankruptcy and so the cycle is likely about ready to renew.
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thanx for research :-)
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I'd probably stay away from Mattel for a bit. Those are some wicked ups and downs...
Huge bullish divergence on MACD and RSI.
This one should go up for couple of years.