MNK is dead or almost dead. Often times there is a dead cat bounce in stocks like these, as 'everybody' gets the same idea to throw some money at it.
This is a high risk scenario but with potentially good risk to reward ratios.
Disclaimers: I've clearly said this is high risk. This not advice to trade in securities. I am simply showing what may happen from a perspective of speculative opinion only. Your losses are your own if you enter a trade on this. Kindly sue yourself if you lose your money.
I agree with your analysis. Shares of the company may be facing a significant rise.
Captain_Walker
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@meszaros, Thanks. I would know 'why' it might rise - and I'm not really interested in reasons. Technical analysis is predominantly about sentiment, emotions and gamblers in the markets (collectively). My analysis was based purely on statistical probability of what happens when stocks are about to die. MNK may already have died- so zero is a high probability also.