Volume support the bottom

This is one of the traditional charts examples you can find in Books like: Technical Analysis of the Financial Markets by John Murphy.
And this example is in real time and is happening now.
The Chart is very clear for my point of view and even I do not draw a trend line but is obvious and even is history that the down trend was broken by strong up price accompanied wit a high Volume , and more important the pullback after this strong big candle who happened at the end of October 2017 because this pullback give me the opportunity to entry at a more favorable price and reduce the discomfort of a bad timing entry because this is a high volatility stock the Beta is 2.93 is very volatile. And let me explain several things: If am right with the direction of the price but the timing was no the right I can be in a negative territory very quick and hold a losing trade while the price returns to the direction that I had initially dictated. Do you understand me.
The other aspect with this low priced stock is this: If you buy 100 shares at 3.00 and the stock rise to 6.00 the R.O.I is 100% very quick and with a low Capital Investing.
and to finish My picks are for a long term investors and in this case this stock can easily overcome the 6.00 target and Go to the 8.00 target look the chart and look how close is this
by the way the Avg . Volume is 8,349,696 this is not a penny stock and this is not a New Company. Mann Kind Corporation have more than 13 Years of be Listed in the NASDAQ in the Healthcare sector is a Biotechnology Company
I do not know the earnings of this company because this is the Job of the Fundamental Annalist who is the person who sustain the weight of the final decision with the use of Financial Modeling. This is a team Work and I believe in Fundamentals as well because it gives you reasons for a long-term investment
Other thing I use Weekly Charts and then I use the Daily Chart and even Intra day Charts like 4 Hours I only use Support resistance and counter trend lines
But I do not use Indicators and oscillators No fibonacci No Gann No pivot points

Additional Material for learning
Charts are for educational purposes only. Entries are not recommendations, solely opinions I am not licensed to provide investment advice
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