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Velti plc Message Board

  • jay2thousandand9 jay2thousandand9 Mar 1, 2013 1:23 PM Flag


    is up today with price up which is a bullish sign.
    It is also nice to note that volume was down when price went down from February 26 towards the doji day yesterday.
    3.59 - 1st stop would be just below this
    3.41 - 2nd stop would be just below this
    5.79 swing high
    3.41 swing low
    50% at 4.58 near the 50sma and the longer term descending trendline (10.43 swing high connected to the 5.79 swing high).

    If target is just at 4.58, is it worth it for longs to take a position at around 3.82 and 3.75?

    3.82-3.58=0.24 risk
    4.58-3.82=0.76 reward

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0.0626-0.0094(-13.06%)Dec 13 4:00 PMEST

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