hankchef

MACK giving a second chance to long!!

NASDAQ:MACK   MERRIMACK PHARMACEUTICALS INC
Bounced off 786 support and now retesting the previous swing high at 6.64, may retrace back to try 618, potential chance to go long.
Comment: The 5-27 candle witch looked like running stops under the second bottom. It's still holding the bottom, looking for long again
Comment: looks bullish!
Comment: Retraced from 0.5 support, and break 786, approaching long term support around 5 to 6
Comment: 6.10 t 6.23 was a classic consolidation phase before an other drop (which happened), now here's another consolidation, maybe a final drop.
Comment:
snapshot
Comment: I don't want to scare you out of longs, but this is where it going.
snapshot
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