Reallifetrading
Short

MPEL - Day Trade (Brad Reed Dec3,2014)

NASDAQ:MPEL   MELCO CROWN ENTMT LTD
MPEL             Expect open around 23.79 for a Retest Gap. After about 30 minutes, watch for bearish break off of 10 or 20 ema on a 5 min chart. Watch out for strong support at 23.53 and make sure the reward risk ratio is there before tracing a trade.
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