MNKD near resistance. Short idea?
There has been a huge rally in MNKD over the last couple of days. The daily chart is looking very precarious up here. There is a small chance it could keep rallying, as it appears to have slightly broken through resistance (or I plotted it wrong), but my money says this is a good short opportunity as people will likely be taking profits. Next two stops down look like $2.85 or, worst case $2.30.
Nota
I'm completely flabbergasted by this chart. Not only did price blow WAY past my expectations, but its holding at an RSI of 85 right now. I want to speculate again that there is no way it can hold these levels, but it appears to be resting on support that was established back in 8/2016.Nota
Ended up landing at support after all. But good god, what a rally.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.