MNK - Ascending Triangle
My earlier call was a bust and we saw MNK bounce nicely off the .382 FIB and maintain the ascending triangle pattern.
I expect a pullback from today's gains, unlikely to bounce in the trend line, will set my entry and I think we will test 3.90's before earnings.
Ascending triangles can form a reversal pattern at the end of a downtrend, but they are typically continuation patterns.
I expect a pullback from today's gains, unlikely to bounce in the trend line, will set my entry and I think we will test 3.90's before earnings.
Ascending triangles can form a reversal pattern at the end of a downtrend, but they are typically continuation patterns.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.