Melco Crown Entertainment Ltd (MPEL) : Watch the Support

As highlighted previously, MPEL has a bearish cross as indicated by the Tenkan sen and Kijun sen. With the earnings released, the counter did not move up much despite a positive pre-market movement. A key support to look for is now at around 4.62. If it breaks this level, we have another bearish confirmation from… Continue reading Melco Crown Entertainment Ltd (MPEL) : Watch the Support