Molycorp shows some strength

Molycorp (MCP) has found strength recently and it is attempting to break to the upside. Sellers are stepping in above $5 so I am waiting for it to see if it holds above that price.
If it does, a quick ascent to $5.50 as an initial target is probable. Patience…

MCP Daily Chart

MCP Daily Chart

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.
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