Registered User
Joined: 9/2/2009
Posts: 85
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Hey fellow traders,
I would like to throw another stock out there in the mix to closely follow, Mela. Currently around $3.60ish.
Buy: $3.02 to $3.52 (Average buy area around $3.35 or so)
Sell: Exactly at $5.15
Thanks,
Feedback appreciated...
StarWoodIp
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Registered User
Joined: 9/2/2009
Posts: 85
|
QUOTE (starwoodip) Hey fellow traders,
I would like to throw another stock out there in the mix to closely follow, Mela. Currently around $3.60ish.
Buy: $3.02 to $3.52 (Average buy area around $3.35 or so)
Sell: Exactly at $5.15
Thanks,
Feedback appreciated...
StarWoodIp
Hello everyone, looks like Mela wants to start its' initial move higher. After hitting a low a couple of days ago @3.19, it hit a high today of 3.75. There is current resistance at $3.67 and $4.42, respectively. I would add or buy on the next little move downwards around the $3.50 area. All my templates show a move in the coming weeks to $5.15 area.
Thanks,
StarWoodIp
|
Registered User
Joined: 9/2/2009
Posts: 85
|
QUOTE (starwoodip) QUOTE (starwoodip) Hey fellow traders,
I would like to throw another stock out there in the mix to closely follow, Mela. Currently around $3.60ish.
Buy: $3.02 to $3.52 (Average buy area around $3.35 or so)
Sell: Exactly at $5.15
Thanks,
Feedback appreciated...
StarWoodIp
Hello everyone, looks like Mela wants to start its' initial move higher. After hitting a low a couple of days ago @3.19, it hit a high today of 3.75. There is current resistance at $3.67 and $4.42, respectively. I would add or buy on the next little move downwards around the $3.50 area. All my templates show a move in the coming weeks to $5.15 area.
Thanks,
StarWoodIp
Hey everyone,
Mela has behaved in a textbook manner. Sold it today @ $4.45 for a seven-business profit of 35%($3.30-$4.45.) The second buying opportunity came and was called almost perfectly @$3.53. My goal was to buy it between $3.02-$3.52, and to sell it between $4.36-$5.16. From here, I think it will consolidate and flag to around the $4 area, then make a run towards $5.15, although it might stall in the $4.42-$4.75 area.
I am closely following Sino, Pran, and Live here.
And for all you R.H.S. Fans (Reverse Head-n-Shoulders), here are just a few names to follow closely here... Hogs,Sd,Usg,Mhr,Mu,My,and Mhr. Sorry too late on Cie, and Fold, But the seven R.H.S's mentioned could turn out the same as these two...
Happy trading(except for Bill Baker),
StarWoodIp
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