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