MP1 has been a pleasure to view from a Classical Charting perspective... I am not currently holding MP1 and the break of the channel today is not accompanied by enough volume for me to take an entry here. I exited my multiple-year position on the downside break of the Symmetrical Triangle in Oct. Attempted a small re-entry again in Dec that turned out to be a false move. Support and the Channel projected target level have now provided support and was an opportunity for a tight stopped bottom pick (which I refrained from). The weekly chart is also most interesting and it remains to be seen what will transpire. Break of the green zone On the downside would be extremely bearish... A break above the right shoulder would be a bullish H&S Failure implying new all-time highs...
Remains on my watchlist for now but I thought it worth posting as there is a lot to learn about the the complexity of real trading and aggressive risk management from a close inspection of this chart and its patterns... GLTA
MP1 Price at posting:
$14.24 Sentiment: None Disclosure: Not Held
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