Long-term view: $MCP may have bottomed after coming out of a 3-year long inverted Head & Shoulders pattern back Feb. It's currently in Stage 2.
Current view: after bouncing off the 50 & 200DMA on Aug 23, $MCP gained over 20% in 6 days on strong volume. The current low volume pullback, the bounce on above average yesterday (Sep 19) and then the inside bar today is very constructive and may indicate the continuation of the uptrend.
Current view: after bouncing off the 50 & 200DMA on Aug 23, $MCP gained over 20% in 6 days on strong volume. The current low volume pullback, the bounce on above average yesterday (Sep 19) and then the inside bar today is very constructive and may indicate the continuation of the uptrend.