MNKD is a heavily shorted stock. Many traders are expecting MNKD to further tumble lower. Maybe it does, there remains some room in the apex of the falling wedge, but, overall, the blue lines show the positive divergence in place now, and the daily chart is positively diverged as well. The falling wedge and oversold conditions reinforce a bullish bounce coming. Thus, the charts indicate a bounce on tap, and the exciting part of the trade is that if MNKD moves up, a potential short-covering move could catapult this stock like a rocket ship higher.
Obviously, the down side is that the huge majority of shorts are correct so the stock may be slapped some more. Keystone started buying MNKD today. Projection is for a major bounce move higher at any time. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your financial advisor before making any investment decision.
What do you think of the stock YMI?
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