Monday, August 23, 2010

BREAKOUT STOCK

Mercator Lines (MLL) is on the verge of breakout. Keep a close eye once it closes above 55.00 take a long position.

It can TGT 56.75 > 60.40>62.75>72.10 
Short Term SL 52.20
Mid Term SL 49.60

As I write this it is trading at 54.55 with 1.1 million shares already traded.  Suggestive of positive closing at the end of the day.


Happy Trading !

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