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Post by mnholdem on Mar 3, 2016 11:57:35 GMT -5
Email alert for MNKD this morning (03-Mar-2016):
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The overall bullish or bearish positioning and timing Use trade quality for optimizing long and short entries
BULLISH [Positioning] Intermediate trend bullish, Downtrend turned sideways, possible bottom.
[Timing] Mild bullish 3 day chart pattern with Strong 3 day accumulation.
[Timing] CONFIRMED breakout above 1.06, no resistance in area just above.
BEARISH None
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CONFIRMED breakout above 1.06, no resistance in area just above.
Type: True breakout from double resistance.
Target: 1.31, 20.2% Stop: 1.01 Loss: 7.3% P/L ratio: 2.8 : 1 - Good
(I)Normal indicators could be bearish during breakouts.
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Resistance & Support Areas
CURRENT PRICE 1.09, just above resistance, 1.01 ± 0.05 type double, strength 6
RESISTANCE ABOVE +32.1% at 1.44 ± 0.07 type double, strength 4
+92.7% at 2.10 ± 0.11 type single, strength 3
+108% at 2.27 ± 0.11 type single, strength 3
...
SUPPORT BELOW -7.3% at 1.01 ± 0.05 type double, strength 6
-16.5% at 0.91 ± 0.05 type single, strength 8
-28.4% at 0.78 ± 0.04 type single, strength 2
OVERALL: 100% BULLISH
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Good fortune all!
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Post by cretin11 on Mar 4, 2016 7:44:54 GMT -5
mnholdem for those of us not well versed in TA, how often do you see a report this bullish, in general and specifically as to MNKD?
And follow up question, when you do see reports this bullish, how often do they turn out to be accurate, generally and specifically as to MNKD?
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Post by mnholdem on Mar 4, 2016 8:09:09 GMT -5
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Post by cretin11 on Mar 4, 2016 8:24:34 GMT -5
Interesting, thanks. I wonder what their record is on Extreme Bullish predictions for non-MNKD stocks. MNKD seems to defy TA sometimes, hopefully not his time.
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Post by mindovermatter on Mar 4, 2016 9:14:36 GMT -5
Interesting, thanks. I wonder what their record is on Extreme Bullish predictions for non-MNKD stocks. MNKD seems to defy TA sometimes, hopefully not his time. Has TA ever really worked for Mannkind? The powers that be on Wall Street have MNKD in a death grip and there is no telling if it will ever let go. |
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Post by mnholdem on Mar 4, 2016 9:55:41 GMT -5
Actually TA has consistently been stating that Shorting is the better trade for nearly a year with the exception of a couple minor rallies. Only lately are the TA's turning so positive.
I find these TA tools fascinating because I'm a bonafide geek, not because I'm a day-trader. I'm in this for the long haul.
But I do find the reversal to be interesting, given MannKind state of affairs. Don't you?
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Post by cretin11 on Mar 4, 2016 10:56:53 GMT -5
Actually TA has consistently been stating that Shorting is the better trade for nearly a year with the exception of a couple minor rallies. Only lately are the TA's turning so positive. I find these TA tools fascinating because I'm a bonafide geek, not because I'm a day-trader. I'm in this for the long haul. But I do find the reversal to be interesting, given MannKind state of affairs. Don't you? That is interesting, so TA has been pretty accurate with MNKD over the past year. Glad to hear that. Wondering what our other TA followers like trend and joey (has he disappeared?) think about this reversal? |
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Post by joeypotsandpans on Mar 4, 2016 13:41:34 GMT -5
Actually TA has consistently been stating that Shorting is the better trade for nearly a year with the exception of a couple minor rallies. Only lately are the TA's turning so positive. I find these TA tools fascinating because I'm a bonafide geek, not because I'm a day-trader. I'm in this for the long haul. But I do find the reversal to be interesting, given MannKind state of affairs. Don't you? That is interesting, so TA has been pretty accurate with MNKD over the past year. Glad to hear that. Wondering what our other TA followers like trend and joey ( has he disappeared?) think about this reversal? had to pinch myself...nope still here just continuing to sleep ZZzzzz through the noise watching the longer term chart continue to play out  finance.yahoo.com/echarts?s=MNKD+Interactive#{"range":"max","allowChartStacking":true} |
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Post by trenddiver on Mar 4, 2016 16:46:08 GMT -5
That is interesting, so TA has been pretty accurate with MNKD over the past year. Glad to hear that. Wondering what our other TA followers like trend and joey ( has he disappeared?) think about this reversal? had to pinch myself...nope still here just continuing to sleep ZZzzzz through the noise watching the longer term chart continue to play out finance.yahoo.com/echarts?s=MNKD+Interactive#{"range":"max","allowChartStacking":true} WAKE UP Joey, good things are happening. The bullish call made 2 weeks at $.95 has finally been confirmed with the obliteration of the $1.10 resistance. Don't be surprised if the price backs off and retests the $1.10 level (previous resistance, now support). I'm looking for the SP to move to the $1.45-$1.50 area where we will again face strong resistance. The April 4 date will create a lot of bullish investor speculation which could take us to higher levels. Congrats to all who jumped in at lower prices. Trend |
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Post by joeypotsandpans on Mar 4, 2016 17:04:39 GMT -5
WAKE UP Joey, good things are happening. The bullish call made 2 weeks at $.95 has finally been confirmed with the obliteration of the $1.10 resistance. Don't be surprised if the price backs off and retests the $1.10 level (previous resistance, now support). I'm looking for the SP to move to the $1.45-$1.50 area where we will again face strong resistance. The April 4 date will create a lot of bullish investor speculation which could take us to higher levels. Congrats to all who jumped in at lower prices. Trend Trend, wake me when we're back to 20/sh otherwise pizza guy and I are and have been long and strong and snoozing away......my chart is 10 yrs long...hit the link then hit max for duration..... |
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Post by mnholdem on Mar 4, 2016 17:08:40 GMT -5
I'm with you, pal. Let's move off the shoulder and start tracing that arm!  |
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Post by trenddiver on Mar 19, 2016 2:16:46 GMT -5
For several reasons, I'm looking for a pullback soon. The action on Friday although exciting resulted in a spinning top candlestick which often indicates a reversal. Also the shorter term indicators (RSI, and Stochastics) are in overbought territory. These indicators can sometimes remain in overbought territory for awhile. Additionally there is a gap that must be closed at the $1.54 level. Finally, the recent SP increase has been closely tracking the 20 day moving average which is currently at $1.25. So at $2.00, we are very extended. So for all of those reasons, I'm expecting a pullback to close the gap and test support at the $1.50 level. My primary indicators are still in a longer term bullish configuration.
GLTA
Trend
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Post by mnholdem on Mar 19, 2016 10:17:20 GMT -5
Positioning Indicators
Indicators for positioning trade entry and exits.
1 DAY PRICE CHANGE +8, strong up (+0.19 pts, +10.5%) from yesterday's close, may pause/stop.
SHORT TERM DIRECTION +10, extreme rally, expect rally to pause/stop.
OVERBOUGHT/SOLD 10, Extreme Overbought, odds definitely favor short trades.
1 MONTH TREND +8, Strong Up trend, not sustainable, occurs only 15% of the time, expect trend to turn sideways or lower.
INTERMEDIATE TREND -10, bearish,
** Past 4 months Downtrend.
RESISTANCE/SUPPORT
2.00, at resistance, 2.09 ± 0.13 type single, strength 2
Resistance Above : +17% at 2.34 ± 0.15 type single, strength 8
Support Below : -22% at 1.56 ± 0.1 type double, strength 6
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At first blush, my TA service seems to agree with you. However, I question how high the rally may have climbed where it not for MM pulling share price back to 2.00 in order to make millions of options (both calls & puts) worthless. Had the rally extended above the next resistance band, we may have established a new support level.
I actually expect this rally to continue, because there is more at play than technicals.
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Post by patten1962 on Mar 19, 2016 10:58:35 GMT -5
Positioning Indicators
Indicators for positioning trade entry and exits.
1 DAY PRICE CHANGE +8, strong up (+0.19 pts, +10.5%) from yesterday's close, may pause/stop.
SHORT TERM DIRECTION +10, extreme rally, expect rally to pause/stop.
OVERBOUGHT/SOLD 10, Extreme Overbought, odds definitely favor short trades.
1 MONTH TREND +8, Strong Up trend, not sustainable, occurs only 15% of the time, expect trend to turn sideways or lower.
INTERMEDIATE TREND -10, bearish,
** Past 4 months Downtrend.
RESISTANCE/SUPPORT
2.00, at resistance, 2.09 ± 0.13 type single, strength 2
Resistance Above : +17% at 2.34 ± 0.15 type single, strength 8
Support Below : -22% at 1.56 ± 0.1 type double, strength 6
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At first blush, my TA service seems to agree with you. However, I question how high the rally may have climbed where it not for MM pulling share price back to 2.00 in order to make millions of options (both calls & puts) worthless. Had the rally extended above the next resistance band, we may have established a new support level.
I actually expect this rally to continue, because there is more at play than technicals.
In your opinion you think the stock will continue to move on Monday because of the options that expired? It makes sense to me. |
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Post by mnholdem on Mar 19, 2016 11:15:32 GMT -5
No, not because of the options. The options are irrelevant, but the fact that there were millions of shares involved it was worth making a brief wayside stop by MM on this bus drive. The reason I think this rally may resume is because the forces behind it are still in play. |
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