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Post by coo2002coo on Apr 7, 2016 10:34:36 GMT -5
Someone here is trying to set a ceiling at $1.39 as the ask has not been taken down since 10:39 am. This leads me to believe that the buying interest is not strong (nor aggressive enough).
When we look at the weekly chart, while MNKD enjoyed a 4 week rise, it also suffered and followed by a 11 (and 30) week correction in 2015. So, this time I am looking for a 4 week correction. We are in the second week.
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Post by seanismorris on Apr 7, 2016 10:39:43 GMT -5
There is quite the battle going on today at Fibonacci .618 !!!
Come on MNKD give us a direction...
Preferably up ; )
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Post by seanismorris on Apr 7, 2016 10:48:08 GMT -5
Someone here is trying to set a ceiling at $1.39 as the ask has not been taken down since 10:39 am. This leads me to believe that the buying interest is not strong (nor aggressive enough). When we look at the weekly chart, while MNKD enjoyed a 4 week rise, it also suffered a 11 (and 30) week correction in 2015. So, this time I am looking for a 4 week correction. We are in the second week. No disagreement there. The chart still says sell, but if there is any chance (technically) to break out of the downtrend trend this is it. The volume today has been underwhelming (so far). Nothing yet to make me pull the trigger on a trade. |
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Post by coo2002coo on Apr 7, 2016 10:54:48 GMT -5
I sold 65% of MNKD holding at around $2.08, 10% at $1.72 and 15% at $1.61. Now wait to get back in at below $1.20 for 15% first subject to the daily chart and will observe again.
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Post by sportsrancho on Apr 7, 2016 12:33:38 GMT -5
I sold 65% of MNKD holding at around $2.08, 10% at $1.72 and 15% at $1.61. Now wait to get back in at below $1.20 for 15% first subject to the daily chart and will observe again. I had a few shorts tell me they were covering at 1.20. |
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Post by kball on Apr 7, 2016 15:15:47 GMT -5
^ Infiltrating the enemy camp?
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Post by sportsrancho on Apr 7, 2016 15:46:04 GMT -5
^ Infiltrating the enemy camp? Best way to get new longs:-) I said, why are you short? They said, last short, going long at 1.20! And that was not BenYiju! Lol. There is little hope for him. He's busy bashing Nate again on Twitter. |
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Post by liane on Apr 13, 2016 15:02:09 GMT -5
Imagine that - closed right at the 20 DMA.
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Post by cjc04 on Apr 13, 2016 15:17:33 GMT -5
2 days to opex, and there's a wide open range on both sides from 1.50 to 3.00. Any guesses?
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Post by laffs4sale on Apr 15, 2016 14:17:12 GMT -5
If you look at a yearly chart, MNKD has been tracing a symmetrical triangle pattern over the past six months. The October 2015 high and January 2016 low mark the high and low starting points of the triangle. Since then, MNKD has made two higher lows and two lower highs. At this time, MNKD is about 2/3 of the way through the triangle, which is when you would expect to see a breakout or breakdown. If MNKD breaks out, the price target is $5, which is also the top of its long downward channel from the high of June 2014 (we bounced off the bottom of that channel when the stock hit its recent high of $2.24. On the other hand, if MNKD breaks down, it's going to zero. Place your bets.
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Post by trenddiver on May 25, 2016 15:52:33 GMT -5
For those interested in adding tor positions, my momentum indicators have just turned bullish. The last time I made a bullish call, the SP went from .95 to 2.25.
TREND
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Post by seanismorris on May 25, 2016 16:09:30 GMT -5
With the MACD bullish crossover I'm also inclined to be bullish.
We closed at the Fibonacci 23.6% line, if we close above 1.03$ tomorrow an upward trend seems even more probable.
My tracking App doesn't say BUY yet, but usually a trend needs to be confirmed first (that criteria isn't spelled out) - usually takes a few days from when I notice something.
FYI: I bought a few days ago (on the way down) at .98.
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Post by LosingMyBullishness on May 25, 2016 16:27:28 GMT -5
With the MACD bullish crossover I'm also inclined to be bullish. We closed at the Fibonacci 23.6% line, if we close above 1.03$ tomorrow an upward trend seems even more probable. My tracking App doesn't say BUY yet, but usually a trend needs to be confirmed first (that criteria isn't spelled out) - usually takes a few days from when I notice something. FYI: I bought a few days ago (on the way down) at .98. Isnt it that a bullish MACD Crossover would be a signal not only to you but to all TA that have a Tracker on MNKD? So the confirmation that you are waiting for is to see how many TA have decided to follow this agreed signal? Interesting Momentum concept but could be distortedby by other trading concepts like longs adding as we are above Penny and Shorts covering. |
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Post by kball on May 25, 2016 17:25:25 GMT -5
For those interested in adding tor positions, my momentum indicators have just turned bullish. The last time I made a bullish call, the SP went from .95 to 2.25. TREND Ahhh the good ol days! Wait, what? |
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Post by mnholdem on May 26, 2016 8:18:18 GMT -5
I luv it when the TA's, like the one on this site suggest:
- Long Trade: Target Price: $1.39 Profit: 36.3%
- Short Trade: Target Price: $0.68 Profit: 33.3%
...that the potential for BOTH trades is excellent. 
I suspect that there is something to the Breakout Watch, since some other TA tools at my disposal also indicate a Breakout Target in the $1.42-$2.25 range. This site (above) has a $1.40 Breakout target.
I take this news of a Breakout Watch with a grain of salt (making it a bit easier to swallow) because there still appears to be heavy HFT action over the past week that seems to be holding down the share price and preventing a breakout. Those machines will still be working today, I suspect.
Nonetheless, I did buy a few more 2018 calls on Tuesday... just in case my skepticism is unmerited and a breakout does occur prior to ADA-2016.  |
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