MCP Charts

Remember that the MCP move in 3C yesterday was very sharp and strong, but it wasn't a big base which is what we look for when looking for an extended move. Today's move has been sharp like yesterday's accumulation.

I'm considering taking the quick almost 9% 1 day profit.

The charts...

 1 min intraday in line, but trend is seeing a negative divergence.

 migration of the negative to the 2 min above and 3 min below.

 It hasn't reached the 5 min yet and this is still leading positive and in line.

As is the 15 min.

I think if the negative hits the 5 min, I'll close the position or maybe if it hits the stop around $12.15.