Molycorp (MCP) Resistance, pivot & Support Levels - 04/18/2011
Resistance levels: $75.25, $72.91, $70.57
Pivot point: $69.14
Support levels:$66.80, $65.37, $63.03
Share of Molcorp (MCP) is now downtrend now.Molycorp will have resistance at $70, follow by $75 and support area $65.This stock is up from $41 to $75 in 2 weeks.I am holding short from $75 closed 75% of my short end of Thursday.Stock will buy if closed over $70. I will keep on eye for next week.
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