Nice rounding bottom from 2011. After the recent rally, the stock managed to gain support in the 9.70/9.00 zone.
We could be forming a bull flag (visible in lower frames) still unconfirmed which could take to the GAP at 12.70.
Intralinks Holdings provides software-as-a-Service solutions for managing content.
I have been reading the tape on this stock for a while, and there is a massive accumulation. I don't think the trend will hold the price. Supports on the weekly chart are very strong. I think this one will go to 5.
For the people that like the fusion of technicals with fundamentals, this is it.
Just check it out.
Seems that we are in the wave 3 completion process. We could test resistance with wave 4 and after wave 5 there will probably be a very strong divergence that we could play on the Long side.
Let's see how it unfolds.
Herbalife is a network marketing company that sells weight management, nutritional supplement and personal care products. The Short ratio is at 18.1 days which is huge.
Strong levels at 45 that can trigger a strong short squeeze.
Let's see... The trend line break projection goes beyond 50 USD....