MCP longs, keep your eyes open

I'm preparing the update for MCP (long) right now, it has been up as much as +6% today on good volume.

There's no reason I see that this "couldn't" be the start of the move we have been looking for as we have followed and traded in and out of MCP for about the last year.

The large stage 1 base is there, the head fake move under the rectangle base is there, the accumulation is not only there, but never dissipated even a little, even after the post earnings decline and finally the reversal process is there.

I don't see any reason (unlike our last call/options trade bought 6/3 and closed 6/4 at a nice gain) that this couldn't be the real deal.

The update is almost done. If you are looking at MCP as I am, for a long term trending trade (stage 2), then despite the day's gains, it's still in an excellent , low risk level for a long position.