MCP Position Management

Today's earlier MCP call position, Trade Idea (Options): MCP, is now in the green double digits as MCP was down -13% earlier today and is now at break-even with a 0% loss for today.

One of the more interesting developments other than the money-flow charts, MCP Charts , is probably the way it appears the daily chart is going to end.

Yesterday's volume looked like a selling climax/capitulation, today's looked like stops were intentionally hit down around $1.60 which just so happens to be the valuation Seeking Alpha put on MCP without a capital raise. Today's candlestick, thus far, is a bullish Hammer (upside) reversal candle and as we see 90% of the time, heavy volume on such candles makes them more effective by a margin of about 2:1.