MCP hitting something hard at the top?

Looks like we have a strong resistance at 50% Fibonacci Retracement level that we have plotted few days back. Last time MCP hit a strong opposite force was Oct. 11. During that time we saw a Bearish Meeting Line. This Friday we are seeing a spinning top. But notice also that each dip of MCP we have our strong support slope.

As long as the price movement is creating higher lows, upward trend as still intact. Our confidence on this stock is still intact based on Ichimoku system. As you see the Tenkan Sen is still moving above the Kijun Sen. Price is still hovering above the Kumo and lastly Chikou Span is approving such bullishness. As long as green indicators are still there, we can ride the horse.

Caveat!

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