Posted by traderdave on 1st of Sep 2010 at 10:19 pm
Hi Folks,
Newbie, but I thought I'd jump right in with a contrarian
comment. My limited understanding of breakpoints is that they
signal upcoming strong moves in either direction. I know MRVL is on
the watch list as a long, but based on its inability to breakout to
the upside today I think its headed lower from here.
Hello Dave and welcome, MRVL can go either way, but for now the
volume patterns on the daily chart are still bullish. Here we
like to react to what the market gives us. but honestly there
are a lot of other better looking long ideas, so plenty of other
better looks longs to focus on instead like I listed in the
newsletter tonight and are on the Trade ideas button at the upper
right hand section of the blog
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MRVL
Posted by traderdave on 1st of Sep 2010 at 10:19 pm
Hi Folks,
Newbie, but I thought I'd jump right in with a contrarian comment. My limited understanding of breakpoints is that they signal upcoming strong moves in either direction. I know MRVL is on the watch list as a long, but based on its inability to breakout to the upside today I think its headed lower from here.
Your thoughts?
Hello Dave and welcome, MRVL
Posted by matt on 1st of Sep 2010 at 11:03 pm
Hello Dave and welcome, MRVL can go either way, but for now the volume patterns on the daily chart are still bullish. Here we like to react to what the market gives us. but honestly there are a lot of other better looking long ideas, so plenty of other better looks longs to focus on instead like I listed in the newsletter tonight and are on the Trade ideas button at the upper right hand section of the blog