Posted On: 03/09/2014 9:33:05 PM
Post# of 2559
MRIN Daily Chart ~ Selloff After a Move Outside the Upper Bollie
Two weeks from early to mid February saw another great swing trade for those that entered MRIN. Link back to previous comments and charts. I'm currently not in MRIN but watching after the exits in the 12.00s. The FullSto and MACDs gave sell signals two weeks ago, and the stock has fallen from the mid 12.00s to the mid 10.58. MRIN has pulled back to it's first horizontal support. If broken the second line is in the 10.30s. A breach of that support, and it will probably be the high 9.00s again. Fine by me as we are waiting patiently for the next 20%+ swing. GLTA
Two weeks from early to mid February saw another great swing trade for those that entered MRIN. Link back to previous comments and charts. I'm currently not in MRIN but watching after the exits in the 12.00s. The FullSto and MACDs gave sell signals two weeks ago, and the stock has fallen from the mid 12.00s to the mid 10.58. MRIN has pulled back to it's first horizontal support. If broken the second line is in the 10.30s. A breach of that support, and it will probably be the high 9.00s again. Fine by me as we are waiting patiently for the next 20%+ swing. GLTA
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