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Post by akemp3000 on Jun 7, 2017 15:28:50 GMT -5
...consolidation continues I hope. Can you please elaborate on what you believe is happening? I could use the education. |
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Post by mytakeonit on Jun 7, 2017 16:13:04 GMT -5
I think the breakout will happen during the last week of June ... right before BIG July.
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Post by sportsrancho on Jun 7, 2017 16:17:59 GMT -5
peppy said:
...consolidation continues I hope.
I think the longer we consolidate the higher we move up. We already had a big move. Need to rest.
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Post by peppy on Jun 7, 2017 16:18:00 GMT -5
...consolidation continues I hope. Can you please elaborate on what you believe is happening? I could use the education. Tight price consolidation at the .50 Fibonacci of the 2.35 3/17 swing high. .67 swing low. Through the .618 (which looks to be $1.92) price will usually test top. this is the wedge I have been using for price targets. It has been years since the stock price hit the 200 day. wedge target. The 20 day moving average (ma) is now over the 50 day, oh yay. So, I learned, chart readers see a consolidation like this like a loaded spring. Scripts Friday. News. The spring is loaded. We are only talking getting price back to where it was prior to the reverse split. A consolidation like this can also allow the RSI and MACD to reset a bit, although these indicators are not over bought. This $1.64, has proven to be hard resistance looks like the 50% Fibonacci. (when looking at chart always look left, where price has been. A down trender anyway) So price is consolidating between the .382 and the .50 fibs. A .382 can be a normal retrace. yikes. 12/16 price was a .382 retrace of the 11/1/16 low. the .382 was the stop on that retrace.
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Post by peppy on Jun 8, 2017 16:49:52 GMT -5
MNKD real time volume today, 1,425,155 shares. $1.59 unchanged. 30 in volume was 271,663 60 min volume was 629,900
The week is not closed, the weekly is interesting. So far an inside week, price has the twenty week MA on it's head.
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Post by mnkdfann on Jun 8, 2017 19:13:58 GMT -5
I'm no expert, but the Ichimoku Kinko Hyo signals are looking bullish of late: 05-Jun-17 1.58 Bullish Senkou Span Cross Strong 26-May-17 1.52 Bullish Kumo Breakout 26-May-17 1.52 Bullish Tenkan/Kijun Cross Weak 22-May-17 1.37 Bullish Kijun Sen Cross Weak 22-May-17 1.37 Bullish Chikou Span Cross Weak ichimokutrader.com/ |
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Post by brotherm1 on Jun 8, 2017 23:18:20 GMT -5
i'm betting on a deuce in June; rolling for snake eyes or better.
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Post by n8 on Jun 9, 2017 0:55:02 GMT -5
I didnt know that pokemon were in the business of trading stock?
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Post by mango on Jun 9, 2017 2:04:00 GMT -5
Can you please elaborate on what you believe is happening? I could use the education. Tight price consolidation at the .50 Fibonacci of the 2.35 3/17 swing high. .67 swing low. Through the .618 (which looks to be $1.92) price will usually test top. this is the wedge I have been using for price targets. It has been years since the stock price hit the 200 day. wedge target. The 20 day moving average (ma) is now over the 50 day, oh yay. So, I learned, chart readers see a consolidation like this like a loaded spring. Scripts Friday. News. The spring is loaded. We are only talking getting price back to where it was prior to the reverse split. A consolidation like this can also allow the RSI and MACD to reset a bit, although these indicators are not over bought. This $1.64, has proven to be hard resistance looks like the 50% Fibonacci. (when looking at chart always look left, where price has been. A down trender anyway) So price is consolidating between the .382 and the .50 fibs. A .382 can be a normal retrace. yikes. 12/16 price was a .382 retrace of the 11/1/16 low. the .382 was the stop on that retrace.
Peppy said: The spring is loaded. mango says: That was all that I could decipher. I like the word Fibonacci. What does it mean? Fibonacci spiral? 🚀 |
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Post by peppy on Jun 9, 2017 8:04:59 GMT -5
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Post by mytakeonit on Jun 9, 2017 13:15:02 GMT -5
Sounds like a new Italian dish ... could I have a peppy, mango Fibonacci please ...
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Post by sportsrancho on Jun 9, 2017 13:28:37 GMT -5
Sounds like a new Italian dish ... could I have a peppy, mango Fibonacci please ... Sounds like Mango Salsa to me. My fave.. |
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Post by peppy on Jun 9, 2017 16:52:41 GMT -5
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Post by mbseeking on Jun 9, 2017 21:15:38 GMT -5
This is my favorite thread.. been reading it for months. Not one time have I figured out anything that was said.
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Post by peppy on Jun 10, 2017 1:51:07 GMT -5
This is my favorite thread.. been reading it for months. Not one time have I figured out anything that was said. 
That long candle on the week of May 8, from 80 cents to $1.88. 4 weeks of trade all inside that price candle. This week, another inside week, inside of last week. Interesting. Out of range contraction comes range expansion. The volume is interesting. You know I can be wrong. let's look at this. The move from 80 cents to 1.88; a $1.08 move.
Looking at the wedge now, wedge targets. Wedge targets follow the last highs until the top of the wedge. Off the weekly, $1.87 then 2.25. that has been the wedge I have been targeting. Beyond those targets, 2.35, 2.75. Resistance hard resistance $2.05, $2.06. the oct/nov lows of 2016. Through the 20 week moving average, the 50 week moving average has not been touched in 104 weeks. price presently, $2.91. so just looking again, for fun, 1.56 plus 1.08 the move of the week of May 8th = 2.64 1.88 the high of that week plus 1.08 = $2.96.
The Sanofi low now $3.21. Kuka thinks deal. Matt thinks bankruptcy. I think this is one fine insulin. In the world of my stupidity, I thought a fine insulin like this is what the world wanted. In the real world, like free energy, the powers that be are trying to destroy it? In my made up story, a story of good vs evil, oh haha.
So just looking. This is one heck of a price wedge.
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