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Post by peppy on Oct 23, 2015 10:30:42 GMT -5
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Post by tonyz on Oct 23, 2015 12:02:51 GMT -5
Thanks peppy. Beautiful chart. Powered right through the 50 day. May come back to test the 50 day from above hopefully it will become support. Lots of pain overhead from people who have bought at higher prices and want to get out. There should also be plenty of nervous shorts who are buying. Should be interesting times ahead. News will ultimately rule the day, but love the recent price action.
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buyers
Oct 23, 2015 12:06:08 GMT -5
Post by peppy on Oct 23, 2015 12:06:08 GMT -5
the September 2015 high was $4.07. Taking out that high would be a monthly reversal. screencast.com/t/kb8bfbzbI the 200 day and 50 month calibrate pretty well. Look for that to happen. reverting back to the mean. in medical terms homeostasis. 200 day at $4.94
what do you think, tony and all?
added, see 3.69 the old swing high? that is how I learned to target wedge breaks. the old swing highs all the way to top. screencast.com/t/RIHSP6U8VBFC
(in some peoples world, price has no pattern. in my world many times, price patterns out)
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buyers
Oct 23, 2015 15:10:34 GMT -5
Post by peppy on Oct 23, 2015 15:10:34 GMT -5
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Post by longinvstr on Oct 23, 2015 16:33:36 GMT -5
I use TA as part of all my stock investing decisions. For some stocks that my be cyclical, big cap, high volume, I will weigh TA much more heavily in my decisions. For other stocks, small cap, lower volume, news driven, I will weigh TA as much less a factor. MNKD, now, I'd say is scrip-driven and, certainly this week, news driven. Given the unpredictable nature of MNKD's short interest and it's undeniable gravitational effect on PPS, TA is more entertainment than anything for me. Interesting tho that with higher volume the support and resistance marks are validated.
It's a dual binary stock right now. Scrips up = stock up. Techno partnership's up = stock up. Charts can't foretell when those things will happen. I'm not trading this one; it's a "set and (try to) forget" holding that I only check on every hour or so. ha ha
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Post by parrerob on Oct 23, 2015 17:07:54 GMT -5
www.shortstockvolume.com/Chart/MNKD/impressive.... seems today 65% shares were shorted. (not clear to me the total volume reported, but impressive last 3 days trend) Some one "big" needs shares and shorters served him to try to avoid pps going up. If this is true... what a terrible day for some big short player
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Post by tonyz on Oct 23, 2015 23:22:34 GMT -5
the September 2015 high was $4.07. Taking out that high would be a monthly reversal. screencast.com/t/kb8bfbzbI the 200 day and 50 month calibrate pretty well. Look for that to happen. reverting back to the mean. in medical terms homeostasis. 200 day at $4.94
what do you think, tony and all?
added, see 3.69 the old swing high? that is how I learned to target wedge breaks. the old swing highs all the way to top. screencast.com/t/RIHSP6U8VBFC
(in some peoples world, price has no pattern. in my world many times, price patterns out)
Hi peppy, I don't trust technical analysis nearly as much on low priced stocks as I do on higher priced ones, certainly not for predicting where the price will go. I do use a form of it to try to recognize trends and get a feel for good entries or when a stock is overextended. I look for support and resistance and pretty basic patterns. This MNKD chart has looked like a bullish flag continuation pattern to me recently and so far the price action has been confirming that. The expectation is that it will move as far above the flag as it traveled to the flag. That brings it in the neighborhood of the $4.07 Sept. high you pointed out. From there we would have to watch the price action. Normally there would be some resistance at a former high, with a pull back and another attempt to push through, but in my book all these patterns and such are just guidelines to help understand the price action. There's no guarantee they will do what we expect them to. Enjoying the recent move though, for the first time in a long time all my recent MNKD option trades are in the green. Still have big losses in some of my older trades and in the stock itself, but nice to see the losses dropping also.
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