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Strategies & Market Trends : Galapagos Islands

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To: Techplayer who wrote (15813)12/9/2002 12:20:14 PM
From: Jorj X Mckie  Read Replies (1) of 57110
 
MLNM is a momo stock. It has had some recent good news and broke a quad top on the P&F chart.
stockcharts.com

on the P&F chart, this is a decent buy-in.

However, on the conventional chart, there is some technical damage. Though it does fill the gap from a few days ago and bounced at support.
stockcharts.com[r,a]dhclynay[pb50!b200][iUb14!Lh5,5!Li14,3!Lp14,3,3]&pref=G

News appears to be good, but with it being a momo stock, I'd wait for a base to be formed before buying it for anything more than a bounce.
biz.yahoo.com
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