JP MORGAN and his CITY OF DREAMS

JP MORGAN is the TOP BUYER of MCP (Melco Crown Philippines). JP Morgan is also the TOP BUYER last DEC 26. Check this LINK

This is what happened on the last trading day December 29.2015. Morning 1 Minute Charts indicates this is a BULLISH TREND!! Check out those GREEN candles!!!

Afternoon trade was also Bullish with a few sell-off points.

Before the closing BELL charts:   If you bought at 2.20 , it was the support!!! Congratulations!! Then suddenly it went all the way up to 2.29.

So whats our take on MCP?  Here's our chart for this year!

We are still bullish that MCP can go higher for this year(LINE A, a slight pullback on LINE B and BOOM  a BIG Rally on C.  We need to confirm it with strong earnings and growth.

As we always advise , PROFIT is PROFIT and SELL when happy. Always protect your capital and set your cutloss points. The Chart is your Friend, listen to the charts.

Tomorrow will be its third green candle, this is a RED ALERT STAGE. Profit taking is imminent. This will happens so fast and BOOM suddenly your gains are wipeout!


LETS GO BACK WHERE IT ALL STARTED WITH MCP, Click This LINK

ION LOVERS heres your UPDATES

MCP - Melco Crown Philippines

Only wave 4, but be careful a possible shallow retracement

A possible gap up on Monday with 21M unserved bid,

A bullish harami pattern, an am rally

Those who want to reentry buy on pullback

MCP -Melco Crown Philippines 

Finally,  a green candle with a big volume of 36 Million. MCP was Up by 6.84% from the previous price of 1.90.

Top Buyers were JPMORGAN and COL, while top sellers were CLSA and CSUISSE. Will this Green candles continue or this is just another DEAD CAT BOUNCE(DCB).

HIGH RISK because its still on a  DOWNTREND.

Support - 1.86
Resistance - 2.5
20M unserved bids in the last closing

NEWBIES stay away for now or establish CUTLOSS options always.

TIP 1:

1) Before buying, make sure your 1-One Minute chart is on. Check charts for big volume breakouts and sideways movement.

2)Buy on a uptrend , continuous green candles or when there's BIG VOLUME  breakouts(GREEN CANDLES).

SEE Example BELOW.  ION VOLUME BREAKOUTS

3) Check for BIG volume SELL OFFS.  CUTLOSS  is a good OPTION HERE. If your a HIGH RISK TRADER , BUY on the LAST minute SELL-OFFs.

4.Sell when happy. Gain is gain.

How to trade ION -Click this LINK!