MCP Molycorp Daily Chart Falling Wedge Positive Divergence

MCP is one that is in the knife-catch department. The white lines show the falling wedge and positive divergence. The weekly chart is positively diverged as well. The indicators are coming off of oversold levels. The bounce to begin March occurred from the universal positive divergence and typically price would not need to come back down for a retest but currently price did come back down. The indicators show that as price makes a matching low compared to three weeks ago, the indicators remain universally positively diverged.

The rare earths are the wild west of trading. These stocks are psycho and can jump or fall 10 or 20% in one day. Projection is for a launch to occur at any time. Keystone took profits on the bounce three days ago, exited, and is now back in again. MCP is down a couple cents today in early trading. This information is for educational and entertainment purposes only.  Do not invest based on anything you read or view here.  Consult your financial advisor before making any investment decision.