It looks like MCP is consolidating in an intraday bull flag at just under a 9% gain on the day with our calls from yesterday doubled in value,
AT THIS POINT YOU CAN TAKE THE ORIGINAL INVESTMENT OFF THE TABLE AND LET THE GAINS RUN.
Yesterday's Call position is already at +120% gain, normally I would have taken the gains off the table before the flag/consolidation started, however I feel there's something bigger going on in MCP and with August expiration, I have a fair amount of time.
The intraday charts look like a flag with some profit taking (red) and now a positive divergence building in to the flag/consolidation on the 1 min.
This same behavior is migrating across longer timeframes already like the 2 min suggesting the divegrence is building strength
And starting on the 3 min chart.
Money Stream is still looking very strong as it leads price.
MS 5 min, also note volume at the price flag, it is dropping as it should for a bull flag.
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