After hitting T1 for a quick (3 hour) gain of 23% last week and continuing over half-way to the 2nd target before reversing, MBII (Marrone Bio Innovations, Inc) has now fallen back to the key 1.05 former resistance/now support level, thereby offering a new objective entry, add-on or re-entry for those who booked profits at T1 or above. The suggested stops for the original lots as well as an add-on or new entry here remains on a daily close below 0.99. Once again, this is an aggressive trade with a low-priced, relatively thinly traded stock. As always, all previous notes/charts on this or any trade can be viewed by clicking the symbol tag (MBII) at the bottom of this or any related post.
MBII daily Feb 22nd