Melco Crown Entertainment Limited (MPEL) Technical Analysis

Rob Witt

http://www.learnstocks101.com

Melco Crown Entertainment Limited (MPEL) was up today in a down market and made a new 52 week high 11.81. The indicators show me this may have more room to go. Support will be the old 52 week high at 10.97 and the next resistance will be the 161.8 Fib retracement at 12.76.

Click Here For Chart

http://www.learnstocks101.com/technical-analysis-charts/mpel/2011/06/melco-crown-entertainment-limited-mpel

Click Here For My Daily SPX Analysis
http://www.learnstocks101.com/free-videos/nothing-was-spared