Take a look at MCP, it's in a very tight range and looks like it's close to making a quick pop. It's still within the larger lateral range of what is likely a base so trade will most likely remain choppy, but this could be a fast move to the upside. Be aware of the possibility if not probability of a downside shakeout.
The 3C charts are supportive in a more gentle slope up during the consolidation, not the typical sharp divergence, but if I had to guess, I'd say iy' going to break higher. I'd also expect it to be a fairly quick move, not a trending trade because of the multiple overhead resistance areas. I'll have charts out in a few mins., but I wanted to bring your attention to it now.
5 years ago
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