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 Pullback To Support Offers New Entry or Add-on
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