Simple Trading Stalk Candidate: MCS As of Close 4 December 2015

MCS W As of Close 4 Dec 2015

Current Trend (W): Up

Abv/Below Value Zone: Above

Next Scheduled Report Date: 17 December 2015

52 Week High: $22.21

52 Week Low: $16.00

Current Relevant Resistance: $22.21

Current Relevant Support: $19.40
Recent Close: $20.11

Comment: MCS looks prepared to make a significant move higher in short order.  The weekly chart reflects a traditionally powerful pattern that usually results in significant moves.  Look for long entries and stop levels on lower timeframes unless price breaches $17.50 to the downside at which point it will be time to take your ball and go home.

Have fun.

KIS,

The Trader

Leave a Reply