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MRVL

 
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rm



Joined: 05 Apr 2006
Posts: 140

PostPosted: Wed Sep 06, 2006 8:25 am    Post subject: MRVL Reply with quote

Looking at MRVL this morning,

it's making hammers, one that has crossed the 20 ma,

it's up for its third try to go through the 50 ma,

somewhat of a double bottom,

and stoch's are turning up

rm
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ninner



Joined: 17 Feb 2006
Posts: 167

PostPosted: Wed Sep 06, 2006 9:21 am    Post subject: Reply with quote

i have been watching it as well...also keeping my eye on ovti...even though that is still heading down.
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rm



Joined: 05 Apr 2006
Posts: 140

PostPosted: Wed Sep 06, 2006 9:01 pm    Post subject: Reply with quote

Well, MRVL followed the markets today.

Pretty good exit, I can still see somewhat of an uptrend in the chart though, wasn't too bad of a drop in price considering the volume.

It came on with a nice gap and moved up but couldn't hold it.

Now it's got two resistance points to go through, 18.75 and the 50 ma, both being right at the same point.

I got in at the gap open this morning and I'm still trying to decide rather to set my stop at today's low or go on down to 17.25 where it's been finding support.

The markets look like they could have a couple of more down days.

rm
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