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Strategies & Market Trends : Strictly Buy and Sell Set Ups -- Ignore unavailable to you. Want to Upgrade?


To: Zincman who wrote (11941)4/8/2007 2:00:24 PM
From: chowder  Respond to of 13449
 
Re: MVIS ... >>> How do you see MVIS trading this week after last weeks action? <<<

I don't know.

What I do know is that the pattern is still intact from the original analysis.

Message 23430205

Your stop may be too tight based on the chart set up. The pattern was a weekly pattern which requires a little more flexibility for price movement.

Your stop, I believe was $4.00. That's a little tight. It might get hit. Price can drop all the way down to $3.80 and the up trend pattern would still be intact. So, we'll see.

I still like the set up though.