Molycorp Inc. (MCP) Resistance, pivot & Support Levels - 8/30/2012
Resistance levels: $14.44, $13.46, $12.84
Pivot point: $11.86
Support levels: $11.24, $10.26, $9.64
Molycorp Inc. (MCP) is closed at $12.23 on Wednesday which is short term bullish now.BAC has short term support $11.20 and long term support area is $9.40.Next resistance area is $13-$14 which is next area to look for uptrend. MCP could see $20-$25 form here next 12 months.This is my one of the Top Pick for 2012.
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