MLNX trying to move off the bottom

Discussion in 'Stocks' started by Stocks4life, Mar 7, 2013.

  1. for the past 2 months has been building a base below 55 (gap edge) and is now making another try to move higher into the gap.

    TARGET 1 Price: 61.1 Profit: 12.4% , for a typical rally.
    Stop Limit/Trailing Stop Limit: 51.18 Loss: 5.8%
    Profit/Loss Ratio: 2.1 : 1 - Fair

    TARGET 2 Price: 63.62 Profit: 17% , Profit/Loss Ratio: 2.9 : 1 - Good for an extreme rally.

    CURRENT PRICE 54.36, at resistance, 53.23 ± 1.7, type double, strength 6

    RESISTANCE ABOVE +8.7% at 59.09 ± 1.89, type single, strength 1
    +17% at 63.62 ± 2.04, type single, strength 5
    +27% at 69.05 ± 2.21, type single, strength 8
    +34.3% at 72.99 ± 2.34, type single, strength 2

    SUPPORT BELOW -10% at 48.95 ± 1.57, type triple, strength 9

    Stock chart

    [​IMG]

    source: http://www.stockconsultant.com/consultnow/basicplus.cgi?symbol=MLNX
     
  2. seeing some follow through today
     
  3. nice move today
     
  4. 64 today nice move off the bottom