Stock chart patterns and technical analysis (TA) explained simply. Disclaimer: This blog and all its contents are for educational and entertainment purposes only. Do not trade or invest based on any information seen on this blog. Please read Terms of Service. The K E Stone blog sites (Keybot the Quant) are blacklisted by Google, so enjoy the ad-free experience, and only use the Donate button when supporting the sites.
Saturday, April 14, 2012
MNKD ManKind Oversold Falling Wedge Positive Divergence High Short Interest
Keystone is trading in and out of MNKD over the last month. A new position was opened again on Friday. Beautiful positive divergence remains in place. MNKD is a heavily-shorted stock. The concept of this speculative play is that the falling wedge and positive divergence shown by the blue lines, will bounce price and once the upside starts to occur, many of those shorts will begin panicking and covering, adding rocket fuel to catapult MNKD higher. Good ole Keystone is strapped into the rocket already, here comes the countdown sequence for this one. 10, 9, 8, 7, .......In keeping with the astronaut theme, 'one small step for ManKind will be one large step for the trading account'. 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.
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