I'm going to see if it holds the uptrend line first and trade it
back to resistance at 9.35ish and then 9.75. I'll see how it
looks then before deciding whether to keep it or not. The
C&H pattern is much higher than that, but I'm willing to take
profits and run if something doesn't smell right.
yep, nice follow through on MCP, I know you guys have been
following it and discussing it, Steve had it in his trade ideas
last week, currently it's just above the 50 MA, otherwise next
major resistance is the upper downtrend line
Popped in to check in on MCP and found that my buy limit filled
at 9.20. Nice backtest of previous resistance. Playing
this for a bounce only. There is some +div on the MACD histo
and some forming on the MACD.
remember - entering a position is Always easier than exiting
it
right now volume is great on MCP, but also be aware that it's a
very volatile sucker, keep some if you want, but I would still
think about taking something off the table, then keep the rest with
a stop, however realize that because it is so volatile, a stop
would have to be wide to give it wiggle room. Currently the 9 EMA
is support - a confirmed cross below the 9 EMA would set the stage
for a test of the 20 MA
MCP - 60 min
Posted by pebs on 6th of Dec 2012 at 02:48 pm
Cup & handle? Going to take a stab long, stop below trendline.
I have a position but
Posted by hirahara on 6th of Dec 2012 at 03:00 pm
I have a position but can't quite get the target out of this potential pattern. Have u calculated it?
I'm going to see if
Posted by pebs on 6th of Dec 2012 at 03:18 pm
I'm going to see if it holds the uptrend line first and trade it back to resistance at 9.35ish and then 9.75. I'll see how it looks then before deciding whether to keep it or not. The C&H pattern is much higher than that, but I'm willing to take profits and run if something doesn't smell right.
Hit 9.75 on the nose
Posted by pebs on 10th of Dec 2012 at 10:25 am
Hit 9.75 on the nose this morning. Out just now at 9.66, as it's got some resistance here.
yep, nice follow through on
Posted by matt on 10th of Dec 2012 at 10:26 am
yep, nice follow through on MCP, I know you guys have been following it and discussing it, Steve had it in his trade ideas last week, currently it's just above the 50 MA, otherwise next major resistance is the upper downtrend line
Thanks. When to sELL...............
Posted by hirahara on 10th of Dec 2012 at 11:22 am
Thanks. When to sELL...............
Yeah, that's the million dollar
Posted by pebs on 10th of Dec 2012 at 11:28 am
Yeah, that's the million dollar question. Now waiting for a pullback on this (if it comes).
MCP - 60 min
Posted by pebs on 27th of Dec 2012 at 04:23 pm
Popped in to check in on MCP and found that my buy limit filled at 9.20. Nice backtest of previous resistance. Playing this for a bounce only. There is some +div on the MACD histo and some forming on the MACD.
Hope some of you caught
Posted by pebs on 2nd of Jan 2013 at 10:08 am
Hope some of you caught this one. Nice move today. No doubt helped by the market, but I think the pop was coming anyway.
pebs - nice chart on
Posted by steve on 2nd of Jan 2013 at 10:09 am
pebs - nice chart on MCP you pointed out last week.
remember - entering a position
Posted by matt on 10th of Dec 2012 at 11:41 am
remember - entering a position is Always easier than exiting it
right now volume is great on MCP, but also be aware that it's a very volatile sucker, keep some if you want, but I would still think about taking something off the table, then keep the rest with a stop, however realize that because it is so volatile, a stop would have to be wide to give it wiggle room. Currently the 9 EMA is support - a confirmed cross below the 9 EMA would set the stage for a test of the 20 MA
Good advice. I just put
Posted by hirahara on 10th of Dec 2012 at 11:47 am
Good advice. I just put a sell at 10.70 as that area looks like a stopper. Who knows. I am a newbie
Out. What a great run.
Posted by hirahara on 10th of Dec 2012 at 12:38 pm
Out. What a great run. Thanks for all the help
Wow, sold too soon! Nice
Posted by pebs on 10th of Dec 2012 at 11:21 am
Wow, sold too soon! Nice move.
Here's a closer look.
Posted by pebs on 6th of Dec 2012 at 03:52 pm
Here's a closer look.
Thanks
Posted by hirahara on 6th of Dec 2012 at 03:21 pm
Thanks