Monday, July 18, 2005

MLNM Converging Channel

heres a stock with a pretty obvious pattern. the stock has formed a quadruple top at the $10 resistance and is progressing with higher lows, thus forming a converging price channel. the stock tried to make a run today with a strong open but it closed weak. this stock is almost ready to run, either up or down, so do your DD and strategize appropriately. oh and theyre reporting Q2 financials jul28, so u might want to keep that in mind. also i think their CEO stepped down recently so do your research on that too.


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