Post by yossarian on May 21, 2015 9:59:57 GMT -5
According to stockcharts.com's P&F pattern alerts
MNKD has "a low pole reversal" For some reason I can't link direct to the chart but go to stockcharts.com/freecharts/index.html
and enter MNKD in the box for P&F
"The low pole reversal is seen when a chart falls below a previous low by at least 3 boxes but then reverses to rise by at least 50 percent of the fall. The reversal implies that the supply that was making the prices fall has been absorbed and demand is taking over. The pattern is an alert that higher prices could be seen in the future. The ideal buy point would be on another reversal back down to be closer to the stop loss point. This would also set up a double top breakout if the prices reverse up and break over the current column's high."
stockcharts.com/school/doku.php?st=low+pole+reversal&id=chart_school:chart_analysis:pnf_alerts (scroll down to the bottom of the page)
MNKD has "a low pole reversal" For some reason I can't link direct to the chart but go to stockcharts.com/freecharts/index.html
and enter MNKD in the box for P&F"The low pole reversal is seen when a chart falls below a previous low by at least 3 boxes but then reverses to rise by at least 50 percent of the fall. The reversal implies that the supply that was making the prices fall has been absorbed and demand is taking over. The pattern is an alert that higher prices could be seen in the future. The ideal buy point would be on another reversal back down to be closer to the stop loss point. This would also set up a double top breakout if the prices reverse up and break over the current column's high."
stockcharts.com/school/doku.php?st=low+pole+reversal&id=chart_school:chart_analysis:pnf_alerts (scroll down to the bottom of the page)