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Post by mnholdem on Feb 17, 2016 11:28:07 GMT -5
I also got an emailed alert for MNKD this morning:
BREAKOUT WATCH for possible breakout above 1.04, no resistance in area just above.
Type: Continuation breakout from single resistance.
Target: 1.27, 29.6% Stop: 0.89 Loss: 9.2% P/L ratio: 3.2 : 1 - Excellent
(i) Normal indicators could be bearish during breakouts.
---
Resistance & Support Areas
CURRENT PRICE 0.98, at resistance or support, 0.99 ± 0.05 type single, strength 1
RESISTANCE ABOVE +46.9% at 1.44 ± 0.07 type double, strength 4
+114% at 2.1 ± 0.11 type single, strength 3
+139% at 2.34 ± 0.12 type single, strength 5
...
SUPPORT BELOW -7.1% at 0.91 ± 0.05 type single, strength 8
-20.4% at 0.78 ± 0.04 type single, strength 2
-31.6% at 0.67 ± 0.03 type single, strength 5
OVERALL: 80% BULLISH
---
Of course, this is MNKD, so take this data with a grain of salt. 
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Post by dreamboatcruise on Feb 17, 2016 12:42:57 GMT -5
mnholdem... what's a double vs single in this context? I do know I'll be having a double of something with the salt... and a lime. Have you previously found this particular source of trades to be applicable to MNKD gyrations? They give very specific trading info, so it seems one could score the accuracy.
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Post by mnholdem on Feb 17, 2016 13:40:48 GMT -5
I'm sure that there is a TA trader who could explain better but, as I understand it, the strength of point of resistance / support bands is determined by how many times the share price has been held up at those points (aka "bands") over a period of time. The more times that share price hits one of these points and bounces back, the "stronger" that resistance/support point gets rated. For example, in this chart (below) you can see why some Resistance/Support bands are considered stronger. Simply put, it's because the pps has bounced off these points more frequently, which makes them statistically significant from a TA analyst's point of view. Take a look at the band running across .91 and you'll see that the pps has changed direction at that band numerous times. Hence the strength is 8. I believe that a strength of 10 is the highest that this site assigns to band strength.
Once the share price crosses above a resistance band, it becomes a support band. The stronger the band, the less likely that the share price will drop back through the band after you've broken through to the upside.
Some day traders will set alerts at a strong support band and buy at that point, expecting the share price to bump back up. All this would be pure TA trading, typically used in the absence of any news, but the increased trading that occurs at Resistance/Support bands tends to strengthen them as sets are triggered which causes an increase in buying/selling and an ensuing change in stock direction.
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Post by trenddiver on Feb 19, 2016 15:21:02 GMT -5
It's been a long time since I have posted on this thread. For the first time in over a year, important technical indicators I follow have turned bullish. For those interested, the weekly MACD just went positive at same time the daily MACD is also positive. This won't be dispositive until the end of this week (hopefully the SP will hold at this level). Trend Based on current SP levels ($.95), the MACD weekly will close in positive territory. This is technically bullish if the MACD daily is also in positive territory, which it is. (This positive conjunction of MACD's hasn't occurred in over a year). I encourage all longs who are looking for a good entry point to consider buying at these levels. I will be doing some buying myself. Trend |
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Post by Deleted on Feb 19, 2016 16:02:53 GMT -5
The question is.....What is the plan? Well my plan is to add to my position if the share price is a $.99 or higher on close of business on Friday. Trend crooks got your number almost close to get you to buy.. :-) |
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Post by joeypotsandpans on Feb 19, 2016 16:14:23 GMT -5
Yes and Yes to both posts above, absolutely concur with both along with the obvious other factors ie., why in the world would a short position not be closed out with a potential gain of only .67 and unlimited risk to the upside along with the carrying cost of those same shares which would erode the minimal potential gain anyway? Couple that with the constant negative articles, posts, etc. and ask yourself why these are even written or posted for "helping thy neighbor" purposes lol. THEY CANNOT COVER plain and simple, and this company continues to have "broad shoulders" (pun intended) to lean on as Al passes the torch. I have been slammed business wise and have not really had the time or cared to read the BS posters, and while I'm on the topic of being busy it flies in the face of the markets screaming slow down so not sure what that's all about but that's a whole different topic. The increase in borrow rate still applies to the simple supply and demand equation (see previous thread about law of diminishing returns)...no doubt they have had deep pockets to not only contain but walk the sp down but at some point they will give in to the inevitable IMO. Great weekend all! Nice posts TD & MN
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Post by babaoriley on Feb 19, 2016 16:29:47 GMT -5
Trend, I know the kind of TA you're doing works in many cases for all sorts of stocks. But I'm wondering about those very, very few stocks that have a short interest anything as horrific as ours?
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Post by trenddiver on Feb 19, 2016 16:50:14 GMT -5
Trend, I know the kind of TA you're doing works in many cases for all sorts of stocks. But I'm wondering about those very, very few stocks that have a short interest anything as horrific as ours? Baba, As always, you're very logical and your point is well taken. That being said, I'm just pointing out some technical indicators that are very important to the way I look at stocks. Unfortunately for me, I hid my head in the sand (drinking Koolaid) when these very same indicators turned bearish for MNKD. Hopefully the current bullish indicators portends good news for MNKD and long investors. Trend |
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Post by babaoriley on Feb 19, 2016 19:28:45 GMT -5
Hope you're right, Trend, the stock is acting pretty good the last little bit, I will say that.
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Post by trenddiver on Feb 22, 2016 17:36:27 GMT -5
Technical internals are getting more bullish every day as we gradually creep up here. The next major test will be at the $1.10 level where significant overhead resistance exists. Previous attempts to penetrate those levels in late January and early February were easily thwarted by the bears. Additionally the 50 day MA is currently at $1.10 which adds additional strength to the resistance. That being said, I am looking for another test of the $1.10 resistance. Because of the strong underpinnings of the other technical factors which I laid out in earlier posts, in my opinion the odds are in our favor that the $1.10 resistance will not hold and we will head to higher levels possibly testing the $1.50 level. If you believe in the MNKD story and have some extra dough, IMHO it's a good speculative buy in here.
Trend
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Post by babaoriley on Feb 22, 2016 18:01:09 GMT -5
I like it, Trend, you're laying it right on the line here!!
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Post by mnholdem on Feb 22, 2016 19:21:20 GMT -5
A TA trader at another site illustrated how a symmetrical triangle has formed:  If share price can break above the upper limit of the current resistance band (0.99+/-.005 forms the "band" as noted in the chart in my earlier post), there is little resistance between $1.04 and $1.44+/-.007 while making up the gap. Cross your eyes. |
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Post by trenddiver on Feb 22, 2016 21:57:58 GMT -5
I like it, Trend, you're laying it right on the line here!! Baba - Just calling 'em as I see 'em. Been buying some every day since the weekly MACD turned bullish. trend |
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Post by sportsrancho on Feb 25, 2016 13:02:38 GMT -5
I like it, Trend, you're laying it right on the line here!! Baba - Just calling 'em as I see 'em. Been buying some every day since the weekly MACD turned bullish. trend Thank-you trend and mn!! Please keep posting:-) |
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Post by mnholdem on Feb 25, 2016 14:18:56 GMT -5
We finally broke through the $1.04/$0.94 resistance band, yet we need to close out the day higher for hundreds of trading computers to set a new support. The support would not be really strong, but considering that there is little resistance above, the likelihood of this breakout turning into a rally is more likely. I'd like to see us make up the gap and get back to where the S/P was before the Sanofi termination announcement.  |
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