Today is going to be a key tell for Molycorp (MCP.) It has found support around $4.55 and it is gathering strength. Still, there are sellers around $5 who consistently step in and are keeping the stock from moving higher. It needs to trade an hold above $5 for me to get involved again. Patience.
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.
