MCP still bullish on daily chart

While all Ichimoku elements is still showing bullish trend for MCP on daily chart, it may retrace further to 3.18 as we have seen Kijun Sen line moving in a horizontal fashion, unless this will bend soon. If it bends downward then maybe we will see MCP finding support at the Kumo or Cloud.

Looking at the Cloud it seems that the future for MCP is bright. No rain to happen soon?

Caveat!

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felix

A computer engineer by profession and loves to develop online systems/websites. A self-taught stock trader who loves to share his knowledge and enjoys learning, expanding knowledge and staying well-informed. Most often he uses candlesticks, Fibonacci Retracement levels, Ichimoku system on his technical analysis but loves to hear some rumors as well.

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