MLNX confirmed bottom breakout

Discussion in 'Stocks' started by Stocks4life, Jan 31, 2013.

  1. good buying off the double support now confirmed bottom breakout.

    BREAKOUT CONFIRMED breakout above 50.62, no resistance in area just above.
    Type: True breakout from double resistance.
    Target: 58.69, 12% Stop: 49.1, Loss: 6.3%, Profit/Loss ratio: 1.9 : 1 - Fair

    CURRENT PRICE 52.39, just above resistance, 48.93 ± 1.61, type double, strength 8

    RESISTANCE ABOVE +12.8% at 59.09 ± 1.95, type single, strength 1
    +23.4% at 64.63 ± 2.13, type double, strength 10
    +31.5% at 68.89 ± 2.27, type double, strength 2
    +40.6% at 73.66 ± 2.43, type double, strength 3

    [​IMG]

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