MNK - Ascending Triangle
My earlier call was a bust and we saw MNK bounce nicely off the .382 FIB and maintain the ascending triangle pattern.
I expect a pullback from today's gains, unlikely to bounce in the trend line, will set my entry and I think we will test 3.90's before earnings.
Ascending triangles can form a reversal pattern at the end of a downtrend, but they are typically continuation patterns.
I expect a pullback from today's gains, unlikely to bounce in the trend line, will set my entry and I think we will test 3.90's before earnings.
Ascending triangles can form a reversal pattern at the end of a downtrend, but they are typically continuation patterns.
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