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Strategies & Market Trends : TA - gimme my 10%

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From: Mario :-)1/8/2013 1:26:09 PM
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My first candidate is MELA. I posted this one yesterday on my public chart list as buy at 1.80 but I didn't have this forum set up yet so I will post this time with delay. MELA did retest today 1.80 though.

There is nice 'volume by price' support
Positive divergence between price and CCI
Down trend line break as buy trigger
Higher volume for confirmation
Target is 1.98 for 10% gain
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