@alipipefitter, Many will disagree with you...Tech analysis has many methods some of which are very simple but very effective. Simple rules,simple charts and simple ways to identify the trend is sometimes all that you need. And what your need is not following the news but your method.
@alipipefitter, If tech analysis can work ( in certain ways ) with greek small caps, that can be manipulated for sure, then certainly it can for MNKD.... If you haven't experience other but USA stock exchanges, then you do not know what manipulation is ..... T.A is not all about fibo or patterns, there are hundreds and more tools and ways... you must have the experience to find the proper one for the proper market...simple as that. A great teacher of mine and well known to many USA traders once told me..." What is T.A but a way to recognize and follow the trend and make money....".
@alipipefitter, If this method makes money for you then follow it....others follow other methods...i have seen more than a hundred ways to make money, but T.A is like a tailored costume, not every method "fits" everyone....
@TechnicalAnalysiss, most of the people on here using technicals aren't right very often. its all news and fibonacci, and volume patterns relative to the chart with these small caps. its all emotion. these things are all scams, its jsut high stakes gambling most of the time
@TechnicalAnalysiss, yeah thats because thats what its all about. counting numbers and memory is obviously important too, but psychology is the main thing. check out this. no technical analysis at all, just judging where the sellers and buyers are