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Post by peppy on Jan 2, 2023 13:23:12 GMT -5
Thanks for the heads up to look more closely at things now. Probably the most helpful perspective for investors is the monthly chart. Here's an uncluttered version with simple trend lines. The law of the lines tells us that we are coming up to two important trendlines in mid-February 2023 about the time of the next earnings report. The first is the long-term downtrend line from the all-time high. It will be an important long-term change in trend signal when that is breached. The second is the trendline connecting the two ridges of the cup formation extending between the $6.96 high in 2017 and the $6.25 high in 2021. If coupled with significant improvement in earnings (which many knowledgeable folks expect), that would signal a breakout from a very large long-term base and a likely multi-bagger move upward.  Here's a Monthly chart with just 7 years of data for clarity on the close up. Note that a DeMark TD Price Flip occurred, and a TD Sequential Set-Up count began in November, so long-term investors could be sitting on their hands for quite a while.  your 19 year long term chart puts a new slant on wedge targets, just sayin.     I can read them all the way up. haha. |
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Post by prcgorman2 on Jan 3, 2023 8:07:21 GMT -5
Checked NASDAQ pre-market trades to see if there was already noteworthy trading to start the new year. I can’t claim “noteworthy” but there are a couple of trades. 10 shares at $5.30 and 100 shares at $5.29. The market futures are up slightly ahead of the open. Fingers crossed the fire breathing dragon on peppy’s charts rears it’s golden head.
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Post by geomean on Jan 3, 2023 8:13:04 GMT -5
Here are two weekly charts. The first chart is a seven-year view with the same long term downward and cup rims trend lines shown in blue as in the prior monthly charts, and Fibonacci price extensions measured using the beginning, the tops of, and the lows following the initial upward waves. If the current move is an impulsive intermediate scale third wave, then the 161.80% price extension line at $11.41 is the most probable target. However, there would likely be a larger wave structure at play if the long-term trend line is broken.  This second weekly chart is a closer look with the recent wedge formation lines applied (also blue). The upside breakout from that wedge now permits a homely, but typical, price projection which uses the width of the wedge at its widest point (i.e., the width measured the day of its April 2021 $6.25 high with the lower trend line extended backwards to that date as the bottom) (width is $4.57) and adds that to the breakout point of $4.45, which here would then place the short-term price target (of this minor 1st wave of intermediate wave 3) at $9.02. (Further Elliott Wave conjectures are not terribly useful at this point, except to the extent that one can begin to anticipate the multi-bagger potential of this intermediate term wave). One cautionary note is that the DeMark Sequential Sell set up signal has formed, and the countdown phase has begun (red numbers above the last two weekly bars). However, if this is truly a minor 1st wave of an impulsive 5 wave structure of minor degrees of an even larger intermediate term wave 3, then expect a substantial thrust to continue after a pause and shallow retracement at the end of the DeMark TD Sequential countdown count. |
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Post by Deleted on Jan 3, 2023 8:52:55 GMT -5
then expect a substantial thrust to continue after a pause and shallow retracement at the end. Watch your language this early in the morning...
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Post by BD on Jan 3, 2023 9:11:18 GMT -5
then expect a substantial thrust to continue after a pause and shallow retracement at the end. Watch your language this early in the morning... Greek? LOL |
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Post by peppy on Jan 3, 2023 10:02:42 GMT -5
MNKD volume at 30 mins of trade,'
real time, 354,408
summary, 352,289
Avg. Volume 4,498,066
5.29+0.02 (+0.38%)
As of 10:01AM EST. Market open.
high volume for MNKD Market now negative
added,
volume at 1 hour of trade,
real time, 446,364
summary, 444,464
Avg. Volume 4,498,066
$5.24. -0.03 (-0.66%)
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Post by peppy on Jan 3, 2023 10:38:01 GMT -5
then expect a substantial thrust to continue after a pause and shallow retracement at the end. Watch your language this early in the morning... substantial thrust to continue after a pause and shallow retracement at the end. This is exactly what is happening with TSLA daily. Glad I could help. you all think you are so funny. Thrust and impulsive, are trader friendly words. The trend is your friend until the end when it bends. |
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Post by celo on Jan 3, 2023 11:55:05 GMT -5
In the short term it needs to bounce off of the 5.17 level. If it doesn't, it will drop down to edit: (I meant 5 not 4.75) and hopefully start another up trending channel. It has been in the same channel for the last 2 months.
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Post by peppy on Jan 3, 2023 12:11:36 GMT -5
Thank you celo , all of are chartists are helping, we have it down to the penny on this MNKD channel. Apple and Microsoft 5% of the $SPX.... a larger % of the $COMPQ, not sure what is holding this thing up. The $COMPQ 10,344.60 -121.88(-1.16%) 10,000 is the number... that needs to hold on the $COMPQ Things are interesting, times have changed. perhaps RLS anti anxiety inhaler will be approved for the market after people see their 401k's. Driving a point home, "substantial thrust to continue after a pause and shallow retracement " TSLA. $106.40. -16.78 - 13.61% |
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Post by peppy on Jan 3, 2023 13:24:41 GMT -5
Back to charts. THE $COMPQ Monthly, look how serious this bottom the $COMPQ has in... and how close price is to the break. Also, the next support levels. Also eyeball the retest of the COVID19 freak out low prior to all the stimulus. schrts.co/ZqnTgNBKLook at MNKD, Daily, putting the second inside day, a launch pad, see it? Moving averages catching up to price.... schrts.co/RdFwWvIGweehaw, |
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Post by peppy on Jan 3, 2023 16:21:37 GMT -5
MNKD Nasdaq real time volume, 2,726,208 shares. MNKD Nasdaq summary volume, 2,554,729 Avg. Volume 4,498,066 $5.21-0.06 (-1.14%) Low volume day. MNKD daily. schrts.co/sIYYYuwENasdaq schrts.co/PuZhmhrM |
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Post by stevil on Jan 3, 2023 16:42:01 GMT -5
then expect a substantial thrust to continue after a pause and shallow retracement at the end. Watch your language this early in the morning... Sexual innuendo… |
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Post by peppy on Jan 3, 2023 16:46:38 GMT -5
then expect a substantial thrust to continue after a pause and shallow retracement at the end. Watch your language this early in the morning... Sexual innuendo… totally because nothing feeds dopamine to your amygdala like price thrust with impulse. These are trading names for price pattern and they ARE totally sexual. It is also the definition of addiction, dopamine to the amygdala, correct? |
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Post by wyattdog on Jan 3, 2023 19:27:27 GMT -5
1000 share trade at 5.47 after hours fwiw
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Post by sportsrancho on Jan 3, 2023 20:00:02 GMT -5
totally because nothing feeds dopamine to your amygdala like price thrust with impulse. These are trading names for price pattern and they ARE totally sexual. It is also the definition of addiction, dopamine to the amygdala, correct? I should put this on Stocktwits also because they were wondering why we paused which made me think about this thread🤪 |
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