Disclaimer: This is my personal stock chart diary and doesn't suggest any trading tips. Due diligence is a must.

My personal trading mantra: Keep It Simple Stupid

Thursday, November 24, 2016

Melco Crown Resorts #MCP

MCP DAILY CHART

PSEI vs MCP
NOTES:
  • Has been consolidating in ascending triangle.  A breakout from this can lead to next resistance level at 5.40 (based on its previous resistance level last Sept. 2015)
  • Despite the bearishness of the market, this stock still outperforms the PSEi. 

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