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hankchef
May 26, 2016 5:05 AM

MACK giving a second chance to long!! 

Merrimack Pharmaceuticals, Inc.NASDAQ

Description

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

Comment

I don't want to scare you out of longs, but this is where it going.
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