Harry has posted a Charts of the Day video on MITK at TheTechTrader site noting: Mitek Systems Inc. (MITK) looks like it’s in a position now to make an extended move. It popped, pulled back in a falling wedge to support, popped again, and now there’s another wedge forming. The technicals, at least the OBV line, is moving higher as this stock moves sideways. A move over to the 5-5.02 area should be bought for a move up to 6 1/4, maybe even as high as 6 3/4 at the top of the channel.
All I know is that shorts are looking for a dip to get back in buts been holding steady for a few weeks now so they will have know choice but to get back in at these levels which will send the PPS higher. I think that's what this technical is based on.