Potential multi-bagger setting up as it's coiling on the monthly/quarterly. Confirmation on a monthly close over 6.30. Ideally holds for a quarterly confirmation (End of September > 6.30) Weekly: Still possible it does one more fake move into the 4s before making a big move higher. Daily:
Decent setup here, aiming for the uptrend speed line support which roughly lines up with the daily target here. Best of luck! Cheers, Ivan Labrie.
Going from a strong bear market shown with the red dotted line To a recent bull market development shown with the vertical green line and triangle structure
MNKD has been consolidating for want seems to be forever, but since April of 2020 it's been catching a little bit of a pump which peaked sometime in March of this year. Since then it has created a symmetrical triangle. On its own a symmetrical triangle does not mean much, but if we look at other indicators like the weekly 200 MA, together with the RSI and the...
MNKD is back at a frequent level of "traffic" this week. After doing a quick retracement we can see that the 618 area continues to act as a magnate a key pivot area. After bouncing off this last time, MNKD has continued higher on a decent multi-day move. Now, moving forward, a fundamental focus could be on what happens with its next potential commercial product,...
Rapidly Hiring. They have a proprietary drug delivery platform known as the Technosphere. They deliver drugs through the lungs instead of injection or pills. Afrezza their FDA approved drug is finally starting to generate sales after being fda approved years ago. They are also working on several other products for 2020. Huge accumulation range and due to...
Ascending Triangles are repeatable trading chart patterns. Ascending chart patterns will have a directional bias depending on the previous incoming trend. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline...
* Trade Criteria * Date First Found- January 10, 2018 Pattern/Why- Fallen angel formation; Breakout out trade Entry Target Criteria- Current price (Possible aggressive entry) or Breakout of $2.77 Exit Target Criteria- Momentum Stop Loss Criteria- N/A Special Note- Lots of insider buying Please check back for Trade updates. (Note: Trade update is little...
* -- Options for the Small Account Let's face it. This is a really tough market for small accounts. You can either wait to build up your account to something decent to actually be able to trade some of the broader (and more expensive) market offerings, dollar cost average in a few shares at a time at all time highs (that doesn't sound enticing, although that's...
MNKD seems getting some momentum in the hourly frame, and seems ready to go to next resistance label. We think it has good upside potential. * Trade Criteria * Date First Found- July 18, 2017 Pattern/Why- Fallen angel pattern Long Entry Target Criteria- Break of $1.51 Exit Target Criteria- $1.83 - $1.90 Stop Loss Criteria- $1.37 Please check back for Trade...
The daily lines up nicely with 4 previous supports. There was a recent battle to hold the 50-day MA, which was lost, however the trend is up, and this is confirmed with higher high and higher low.
Breaking the pennant would be very bullish (upward) if down exit..
Trend continuation, possible bullish outlook as long as price can stay above channel. MNKD (with partner Sanofi) is about to market and distribute FDA approved Afrezza, a inhaled insulin that can make insulin syringes a thing of the past. With diabetes a global condition that effects 371 million people worldwide and is expected to affect 552 million by 2030,...
Today's cross over 6.50 signals and confirms the break out. Next target $7.00
Now looks like a smart time to be investing in MNKD. Not only is Afrezza a better insulin than many available, not only does the technosphere eliminate a lot of potential unnecessary needles... the technosphere is the potential gold mine here. Imagine the FLU SHOT being a thing of the past... for the new, improved delivery system of a FLU INHALER. FDA can fast...