Wednesday, April 16, 2014

MCP is Looking Interesting

This is a long term core long position as well as a trading position, it had a head fake move below a small triangle...
 Daily chart's head fake under a small triangle...

This while there's been evidence of a major base - 60 min leading positive divergence.

Recently there has been a pick up in action as if it's getting ready to make a move.- 1 min

3 min

5 min trend

5 min local...

I'm still holding this one as a trading position, it wouldn't take much from here for me to put out an add-to or new position post, I'd keep an eye on this one, I will be.

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