MCRL LONG TRADE FOLLOW UP

MCRL was a long idea on August 23rd @ $9.62. I've also updated the idea since then.

Right now MCRL s at a gain of 6+%, but I think it has more to offer in the coming days and weeks.

 Here's the trade date with another trade late last week on a pullback intraday.

 The daily chart is showing very strong positive accumulation through a strong leading divergence, that's why I feel this trade is just getting started.

On initial new trades and in a market environment like this, I try to give these trades as much room as possible initially until they start to move up in a trend, then I'd use the Trend Channel and tighten the stop. There's nothing wrong with adding to a trade that is working for you.