I'll be closing half of the MCP long. I'd like to see 1 intraday bounce to sell in to, the rest I'll likely hold or leave on a wider trailing stop. Longer term I love MCP, I was going to keep the position open during a pullback, but since some of the charts deteriorated a little more than I'd like I decided it's opportunity cost and will look to re-open MCP at lower levels on accumulation as I believe it is still well within its base and hasn't even hit stage 2 mark up yet.
5 years ago
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