Breakout play

EOD price , Jan 20, 2017 : 4.42

MCP must break the 4.60 to 4.70 resistance zone.

A breakout will lead this to initial resistance of 6.50. If this is broken, expect 8.22 then 9.84

RSI is currently bullish at 52.

Support is at 4.19 then 3.95

Cut losses below support line if breakout does not materialize above 4.60.

If breakout happens, use previous 4.60 resistance as new support then trail stops.

Weekly chart below

mcpb

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