Alex_Quiroga
Long

Technology stocks for 2018 #13 (MLNX)

NASDAQ:MLNX   MELLANOX TECHNOLOGIES LTD
Sector: Technology
Industry: Semiconductor - Broad Line

Generally I only use the same terms:
(Red Arrow): Resistance breakout, pullback to the new support and swing low .
(Red Circle) the resistance breakout was broken by a overnight gap and this increases the odds of a bull price in the next months
Inside the (Red Circle) there are a gap in the daily chart
I always do multiple time frame analysis , from weekly to daily and 4-Hrs
by rule I put the idea in a desk of traders, looking from my weekly chart with a 7 years view or 10 years.

Weekly Candles 10 years view is part of my set up and the use of moving averages combined with support resistance rules
all my charts always looks equal with one horizontal line and moving averages and the reader quickly can identify the idea that I am try to transmit
The trader that follow my ideas take several at the same time and follow with your daily chart and own set up
He like 10 ideas and put then in his watch list and at the end only trade with 1 or 2 ideas
that's how it works, variety Diversification
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