Sunday, April 29, 2012 8:19:28 AM
MCP 2 day candle chart.
MCP is looking real good on the 2 day candles 3 year chart. Came up and tested the 200 period EMA and broke down through the indicators. Its next target price is 38.00. Stochastic are way oversold. This is a nice 1 week hold or better for a nice swing trade. Notice on the chart where it broke out of the upper trend line in the downward wedge pattern and came back down to test it again. Its lines up with the upward channel pattern where it is bouncing off the lower trend line of that pattern. I have banked major money in the past on this stock. This is easy money and this is how you bank on the big boards!
MCP is looking real good on the 2 day candles 3 year chart. Came up and tested the 200 period EMA and broke down through the indicators. Its next target price is 38.00. Stochastic are way oversold. This is a nice 1 week hold or better for a nice swing trade. Notice on the chart where it broke out of the upper trend line in the downward wedge pattern and came back down to test it again. Its lines up with the upward channel pattern where it is bouncing off the lower trend line of that pattern. I have banked major money in the past on this stock. This is easy money and this is how you bank on the big boards!
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