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MCP Bounce Play in Effect Here

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October 28, 2013 – Comments (0) | RELATED TICKERS: MCP

Triple bottom bounce play here in Molycorp (MCP).

I like the setup enough to where if it can bounce off of the $5 level like it is doing today and get some follow through tomorrow, we could be seeing the potential for $6/share at which point it would have filled that massive gap from earlier this month. 

Here's the MCP technical analysis

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