Is a technical double top at .68, but hardly a definite.
More importantly, and I stated this before, is an apparent cup and handle formation, which 'so far' is adhering to the law , just nicely.
If things go well, [ ] , there will hopefully be a retrace by aroounndddd 10%, which then sets this great little company up beautifully. As things look as present, a little weakness into the XJO will again set the handle formation , perfectly.
Unfortunately, this stock is so well run, and so successful, that it might very well just keep slowly going north, instead of the usual C&H surge.
I did sell again, just looking to see if my pathetic charting abilities hold up, and to see If I can ren-enter at around 60c.
Either way, afer scanning a LOT of stocks, the management and fundamentals of MLX are excellent. Use ANY dip as a true as a reall opportuntiy to stock. At some point in the near future, a buy in .70c will seem laughable
MLX Price at posting:
67.0¢ Sentiment: Buy Disclosure: Held
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] , there will hopefully be a retrace by aroounndddd 10%, which then sets this great little company up beautifully. As things look as present, a little weakness into the XJO will again set the handle formation , perfectly.
(20min delay)