Thursday, October 25, 2012

Thursday Afternoon

MLNX Daily Chart (11:25AM)
Taking a look at one of Rev's SOTW picks from awhile back.  Nothing to get excited about in my opinion.  It looks to me as if it will be confined by the green and red lines for the time being.  There is a lot of volume that occurred just above the channel to keep it out of the gap and the bottom line has yet to be violated.  With the stock smack in the middle I don't see an edge and don't plan to trade it but news could change that.  I like their products very much.