Manifested

I like this setup for MBII

NASDAQ:MBII   None
Smaller name pharma stock. Definitely has the potential to be explosive. It appears we just break out of a triangle on major volume, finding support right now on top of the broken resistance. Super good R:R to long here and stop loss below the trend line. Initial target region is shown in the box. We're also sitting between the 0.618 and 0.764 log-fib retracements at the moment.


*THIS IS NOT TRADING ADVICE*

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.