MCP To $75 In The Next 3 Weeks?

Molycorp had a recent surge in volume and broke out of a perfect symmetrical triangle which also doubles as a inverse head and shoulders reversal. This pattern negates the bigger head and shoulders pattern on the 12 month chart. MCP has earnings soon and it appears that a hedge fund or HNWI is betting on a major beat. MCP is notorious for going on a tear after a breakkout and it looks to be headed to $75 with little resistance ahead.

About Aaron Basile
Day Trading and Swing Trading Ideas, Certified Personal Trainer, Power Bodybuilding, Avid Sports Fan (NBA, NFL)

One Response to MCP To $75 In The Next 3 Weeks?

  1. Eduardo Salcedo says:

    Good stuff. Nice Aaron. Keep it up my friend. I made good money today. Thanks

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