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Mellanox Technologies, Ltd. Message Board

  • thetechtraderca thetechtraderca Jun 26, 2013 12:08 PM Flag

    Harry Boxer's Charts of the Day

    Harry has posted a Charts of the Day video on MLNX at TheTechTrader site noting: Mellanox Technologies, Ltd. (MLNX) has an interesting pattern developing. It has a big major declining topsline, a spike low in Jan, a run up, a rollover breaking support, and then it stair-stepped its way lower. It spike down on Monday, retested the low, and then gapped up on Tuesday, up 4.85, or 11%, on 1.8 million shares. That’s the biggest volume in about 8 sessions. It did not break the declining topsline. So be watching to see if it does that on Wednesday. If it does so, the immediate target is 51 1/2. If it gets through resistance at 52 1/2, then it will fly to the high 50’s.

 
MLNX
43.74-0.52(-1.17%)Feb 9 4:00 PMEST