$MLM forming 4 Month #Rectangle #ChartPattern

MLM is another stock showing relative strength and could be setting a breakout to higher prices in the coming days. A clear daily close above $230 resistance that has been tested multiple times in recent weeks will set the stage for the next leg higher.

Commento:

closed above resistance today but not very convincing. lower than average volume and just barley above resistance.

Commento:

that pullback day was a perfect entry. i picked some shares at $228. stop breakeven now with the strong move up today :)

Trade chiuso manualmente:

My limit sell order was filled when the stock tagged the weekly sloping trend line on the chart yesterday.