great discussion stockadoodle and shavealeg (haha)
Been following Mitek for a long time. Unfortunately experienced the March free fall but as far as your resistance levels are concerned, I personally don't think they play here. Only way we are going to get volume is with news. Jumped up to 3.50 roughly with news then consolidated back to where we are. 2013 will be a huge year for mitek when many of their banks and credit unions actually launch mobile bill pay/check deposit, sign more big banks, most importantly when these lawsuits are over.
From experience with this stock, I would say don't get too caught up with resistance levels and short term price movement. We need volume yes but only going to get that with news. Glad to see some useful discussion though guys..If you disagree Id be grateful to hear more thoughts/opinions
Im into a lot of april calls right now just so you know where Im at. Cheers.