MKTG confirmed breakout

Discussion in 'Stocks' started by Stocks4life, Feb 28, 2013.

  1. good volume late today with a confirmed breakout and possible gap fill to 9

    CURRENT PRICE 8.07, just above resistance, 7.71 ± 0.2, type double, strength 10

    RESISTANCE ABOVE +11.4% at 8.99 ± 0.23, type single, strength 1
    +19.6% at 9.65 ± 0.25, type triple+, strength 8

    BREAKOUT CONFIRMED breakout above 7.92, no resistance in area just above.
    Type: True breakout from double resistance.
    Target: 8.9, 10.3% Stop: 7.74, Loss: 4.1%, Profit/Loss ratio: 2.5 : 1 - Good

    Stock chart

    [​IMG]

    source: http://www.stockconsultant.com/consultnow/basicplus.cgi?symbol=MKTG