simbha

Bullish Gartley and Fibonacci readings.

NASDAQ:MLNX   MELLANOX TECHNOLOGIES LTD
74 0 1
Couple of patterns:

First retracement of AB to 61.8 was decent for bullish continuity but was not held there. Thought initially it is kinda ABC wave up but failed.

MLNX             recent drop on a accounting material weakness (600K USD for charities, what a duh!), the stock was dropped to a Gartley retracement of 0.787 of XA.

A friend of mine pointed to Diamond pattern whic is in RED lines, which is more likely bullish based on the tilts.

Also marked are Fibonacci timezones. We allready got the CD leg for the Nov-17 week ending(Line 3 in red). Gotto see whether we get a real diamond pattern breakout and targets by the first week of Dec             .....

Nothing much to note on oscillators MACD & RSI . No interesting pattern but for downside now.

Feel free to comment.

Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out