After the big drop in Mid June to the $5.70 level, MNKD has been consolidating in an upward bias within a triangle pattern (lower highs and higher lows) Today it broke out of that pattern to the upside. The momentum indicaters which in Mid JUne were highly overbought now are at a neutral level and beginning to trendhigher, indicating a new move on the horizon. I am looking for another breakout to new highs in the next week or two. Based on a measure move calculation, possibly to the 9 price level.

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