Case #1. #Mallinckrodt PLC .. NYSE: #MNK
A stock that keeps falling and shows no signs of prospects. Fundamentals apart, the charts read as follows. (Settlement could change everything, but this is remains unknown.)
A stock that keeps falling and shows no signs of prospects. Fundamentals apart, the charts read as follows. (Settlement could change everything, but this is remains unknown.)
Analysis: NYSE: #MNK
So far there's no meaningful support to be found as the price keeps edging lower towards zero.
So far there's no meaningful support to be found as the price keeps edging lower towards zero.
Attachment 1 - The Big Picture - NYSE: #MNK
Here we show the last and important analysis dating from the beginning (2014, from what we can see). All supports have been failing and price keeps tagging lower.
Here we show the last and important analysis dating from the beginning (2014, from what we can see). All supports have been failing and price keeps tagging lower.
Attachment 2 - NYSE: #MNK
A support has formed, it lasts 6 months then sellers return (probably bad fundamentals) The main trendline support yields - eventually forcing price lower.
A support has formed, it lasts 6 months then sellers return (probably bad fundamentals) The main trendline support yields - eventually forcing price lower.
Attachment 4 - NYSE: #MNK
Desperately looking for support but conditions look bad. Fibs draw from the May low to the November high. Support at 1.272% has failed but for now 1.414% at $1.61 has held.
Desperately looking for support but conditions look bad. Fibs draw from the May low to the November high. Support at 1.272% has failed but for now 1.414% at $1.61 has held.
Any comments welcome
