Today MCP is down -3.63%, although it is above yesterday's lows by a bit, so technically nothing has happened in MCP today. I'm just keeping an eye on it to see if anything unexpected or "gamey" pops up.
Today is pretty flat compared to the last 2 days, technically today is an insignificant day or so it would seem.
Interestingly for all the downside in price, why this 10 min chart is improving is one of the reasons I continue to watch MCP.
Finally for any of you who know the basics of candlestick charting...
The last 3 days show real fear 3 days ago and possibly a lot of short sellers taking profits. Yesterday actually forms some support as new lows were tested and rejected with the close not too far from the open, a sort of equilibrium and maybe support. Today is a Doji, this is a loss of momentum, kind of indecision on its own, but in a trend like this it's more like a loss of the downside momentum.
The SEC investigation is a bummer and I'm not saying that MCP still has good probabilities, but there are a lot of games on Wall Street and MCP hasn't given a total loss signal, in fact it stubbornly is clinging to several divergences that could have easily been wiped out in an hour or two 3 days ago.
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