Adding Molycorp to my watch list

Molicorp’s (MCP) chart printed a double bottom pattern on Dec. 17 and followed through with a large jump in price last Friday. Volume was very high and the stock looks like it wants to go to $6 and perhaps $7. I’m looking for a pullback around $5.15 – $5.20 to initiate a position with a stop just below $5 for a Reward / Risk of 4:1

About Stock Trade Journal

The information in this blog is not investment advice. Please consult a financial advisor before investing. I have been trading stock since the 1990's and survived the .com crash. I am developing software applications to help me trade better and now I am making them available to help other traders. This blog is also a way to share my experiences and observations in the market.
This entry was posted in Risk Management, Trade Analysis, Trade Entries, Trade Planning, What to Write in a Journal. Bookmark the permalink.

Leave a Reply

Your email address will not be published.