Replies to post #513 on BT''s Classroom (SPX FORKS)

[jxyzobrien]

Orecal

MCP went to the top of the channel and now is way oversold.
RSI > 70 on all timeframes daily, weekly. The stock was upgraded
today with a new target of 92.

Now if the stock breaks out of the channel and uses the channel
as support then its ok. Remember when parabolic stocks fall they are
like a bowling ball down a mountain.

Chart below



http://stockcharts.com/h-sc/ui?s=MCP&p=D&yr=0&mn=7&dy=0&id=p79266792787&a=230304639