I stalked mnk after I sold my other shares for a very small gain. The range was nice that a dip would make for a nice gain. It started to consolidate with EMA over top. It was slowly going down so I took another short position. It eventually dipped nicely for a good gain.
Execution detail:
little late ... it was grinding down for a while so it was already dropping 2 dollars and u took the last bit out of it but get in a bit earlier!
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shorted into support, but I heard there was news on this one, so you never know. Even if was no news, you did get in a bit late, 6 red candles on the 5m. But what a reversal, $10 wow.