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Old 10-29-2016,
bdydjd519 bdydjd519 is offline
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Default Molycorp (MCP) - Quick Takes Pro Chart of the Day

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Old 10-30-2016,
bdpgicab45 bdpgicab45 is offline
 
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One could make a case for a rectangle pattern unfolding in MCP. If we make this assumption standard measuring techniques give us a height-of-the-pattern price target of ~42 which happens to coincide with the November high. Though with the RSI(14) just on the cusp of overbought territory I'd like to see a little horizontal consolidation in MCP around the 35 level before breaking out and filling the Nov 11 gap to make a run at 42.
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Old 10-30-2016,
BekasCMix BekasCMix is offline
 
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Good find Michael.
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Old 10-31-2016,
BertOMahon BertOMahon is offline
 
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I have never had luck with Rectangle pattern.
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Old 11-02-2016,
BlackbrandExcib BlackbrandExcib is offline
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I like to see clear indication of uptrend before getting in for the trade.
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