Posted On: 01/13/2014 6:59:08 PM
Post# of 2559
MRIN Daily Chart ~ Heading South
MRIN closed near its low of the day. I heard from a few who also exited the stock on Friday and this morning. Nice swing trade from the low 9.00s!
As to the chart/technicals, note the FullSto and MACDs now. The stock closed under the MA50, and I don't see much support until the high 8.00s or low 9.00s. MRIN will stay on the watchlist for now for a possible re-entry and fourth swing trade since the double bottom and pinch formation in late Nov/early Dec. GLTA
MRIN closed near its low of the day. I heard from a few who also exited the stock on Friday and this morning. Nice swing trade from the low 9.00s!
As to the chart/technicals, note the FullSto and MACDs now. The stock closed under the MA50, and I don't see much support until the high 8.00s or low 9.00s. MRIN will stay on the watchlist for now for a possible re-entry and fourth swing trade since the double bottom and pinch formation in late Nov/early Dec. GLTA
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