Hey guys thanks for looking trying to catch both waves here, I have not traded this in a couple years,(first 6 figure trade ever it was maybe 3 minutes in and out was $MNKD) this is all i found so far on cheapies as i keep getting messages for ideas for smaller accounts, i plan on getting up very early so hopefully a few solid plans tomorrow as well.
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...
MannKind Corp. is a biopharmaceutical company. It focuses on the discovery, development and, commercialization of therapeutic products for diseases, such as diabetes and cancer. The company was founded by Alfred E. Mann on February 14, 1991 and is headquartered in Westlake Village, CA.
I know nothing of this company. But either way, looks like a nice example of buying something beaten up down 99% after it starts rallying.
When it goes down usually it goes down pretty fast (crypto won't be an exception btw), important not to overstay your welcome.
I do not use this strategy at all. Adding an example, learning a bit more every few month or so......
MNKD is on a slow bullish trend.
weekly, daily, and hourly bullish trend
may retrace to support at $1.18 based on daily RSI, but will likely continue to rise
support/entry: $1.18
target: is $2.20
stop $1.10
