MCRL -I Hope You Had Your Alerts Set

I covered MCRL earlier today, some of you entered the trade yesterday and should be up 4+% in a day. In any case, it showed good promise from the more important longer term charts, PLUS, the suggested stop for those of you using my Trend Channel was NEVER touched, but it would have made for an excellent low risk entry by watching price and the Trend Channel. If you don't have a system that allows you to set real time alerts, get in touch with me.

 Here's the "W" shaped pattern and today's breakout.

 Volume has been low so far today, but most of that has been on the consolidation, volume picked up on the move through resistance.

 The 10 min chart showed this as simply a consolidation.

 Here you can see the false breakout in the red box with a 3C negative divergence as well as a large period of accumulation with a positive leading divergence on the hourly chart, a very important timeframe.

Finally, the suggested stop using my Trend Channel, t was nowhere near being stopped out today, but the candlesticks along with the TC would have given you good placement with high probabilities (look at the hourly 3C chart) and low risk (see the above chart). I still think it's probably a decent buy even here, there was quite a large zone of accumulation.