MNK - ascending triangle fail
I should've been watching this one closer but I got in at such a good entry point and exit on my scalp, it wasn't really on my close watch list.
Neon green trendline has failed.
I should've sold the top resistance, and bought on a breakout.
FIB: bounced at 786, resistance at 236, bounced on 50, resistance again (should've sold), and now we're sitting on the .38.
There was an upgraded long rating today from Market Edge, but with the decreasing volume; I just don't see it.
I'll be looking for a buy around 2.70s for a quick play up, otherwise looking around $2.00.
*Will definitely keep a watch on this in case we did see a bounce back up to the top, and potential breakout.
Neon green trendline has failed.
I should've sold the top resistance, and bought on a breakout.
FIB: bounced at 786, resistance at 236, bounced on 50, resistance again (should've sold), and now we're sitting on the .38.
There was an upgraded long rating today from Market Edge, but with the decreasing volume; I just don't see it.
I'll be looking for a buy around 2.70s for a quick play up, otherwise looking around $2.00.
*Will definitely keep a watch on this in case we did see a bounce back up to the top, and potential breakout.
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