MNKD had a volume surge on Friday after some positive results were shown.
ADX is still flat which is currently over 10 +DMI is over 17 and -DMI is over 16. It closed over the 50 day moving average which is currently at 1.8.
Entry would be 1.75/1.81/1.87/1.91
Pivot is 1.97
Resistance is 2.03/2.07/2.013/2.23
For me I would look to enter this from 1.81 to 1.87 stop loss will be 10 cents under my bid. Currently this is over the pivot of 1.97 so look to see for a continuation if my bid does not get filled.
ADX is still flat which is currently over 10 +DMI is over 17 and -DMI is over 16. It closed over the 50 day moving average which is currently at 1.8.
Entry would be 1.75/1.81/1.87/1.91
Pivot is 1.97
Resistance is 2.03/2.07/2.013/2.23
For me I would look to enter this from 1.81 to 1.87 stop loss will be 10 cents under my bid. Currently this is over the pivot of 1.97 so look to see for a continuation if my bid does not get filled.