MCP Bullish Signal

The 60 min X-Over Screen is now giving a bullish buy signal. While the stop I'm providing is probably about accurate for trading this signal and timeframe, I do have a little more faith in MCP. In any case, here are the latest developments since yesterday's continued improvement.

 The V-Over 60 min chart has a solid buy signal.

For this timeframe swing I'll use the 60 min Trend Channel.

This channel has held similar "swings", however if we do get a good breakout, this has a pretty darn high short interest so the adjustment of the stop will be an ongoing daily routine. Right now the closing stop is below $1.54 for this particular timeframe swing move.