MAJOR : Next swing trade targets : 15.20, 16.40 then 19
April 17, 2011 Leave a comment
MAJOR is looking good, and if it manages to hold above 14 for another weekly candle it should hit 15.20 or so easily, and possibly trade to 16.40 or so in the near term.
With decent support at 13.50-13.70 it would take a pretty heavy market wide sell off for the stock to come much below this range, and as noted above we in fact see upside for the counter. Major has very good support at 12.80 to 13.00 but we doubt it will revisit such rates any time soon.