Melco Crown Entertainment Ltd (MPEL) : Watch the Tenkan sen

MPEL seems to continue to struggle to make a positive upside move.

It is currently trading very near the Tenkan sen.

Both the Tenkan sen and Kijun sen is flat now; suggesting that it is probably stabilising around this trading range.

Resistance is at 4.84 and Support is at 4.65. Very narrow range.

By iam802

Trend trading with Ichimoku