News media is reporting that NVDA has a $7b offer for MLNX on the table, and that's a $1.1bn premium for MLNX shareholders while it is currently hovering just days off of the last 52-week high. I would love to have an easy 18% gain on short term capital that I haven't consistently seen since the early weeks of January, wouldn't you?
RSI is high since they're...
Mellanox NASDAQ:MLNX is rated a Strong Buy due to the recent string of positive earnings estimate revisions to the upside. Over the last 30 days, five analysts have increased their estimates for the current quarter and current year. The bullish revisions portend a positive movement in the stock price. The current year number has shot up from $3.17 just ninety days...
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
This stock got crushed in the earning last night. If you look at what I circled you will see a ton of red candles. I think this bounce is all of them selling to close today to lock in gains and this stock will be going to at least $40.00 in the near term. I mean in the next couple of days.
MLNX is in downtrend in longterm.
SELL ENTRY @ $42.90
STOP LOSS @ $47.20
TAKE PROFIT @ $31.20
STOP LOSS = $4.44
TAKE PROFIT = $11.60
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