Mobileye NV (MBLY)

[thetechtrader]

Harry has posted Charts of the Day video on MBLY at TheTechTrader site noting: Mobileye N.V. (MBLY) had an explosive move on big news on Thursday that they’re doing a joint venture with BMW and Intel Corporation (INTC). It exploded all the way up to 49, before backing off to 46.14, up 4.18, or 10%, on 16.2 million shares. It reached to 9.00 points at one point. I think it may have run up and pulled back too quickly. It’s holding support. I think we’re going to see 50-52, maybe even 55, if it goes to the top of the channel. It has 15 days to cover.
http://tinyurl.com/h9dna29