TA is a joke and to even think it has any sense of relevancy in regards to MNKD is absurd. I have worked in the financial industry for alot of years and I have never met a highly wealthy trader who relied on TA. It is a psudo science to the nth degree. There is no predictability to this stock, there are no patterns, the fact that you even think on a daily basis that 10 Million dollars in shares are changing hands based upon TA is a joke at best. Will people and institutions play this stock up and down? Yes. Will the stock price be decided by TA on a daily, weekly or monthly basis? Absolutely not. If you seriously think TA has absolute relevancy then think of it this way: If the share volume is 5 million in a day, roughly 50% of those trades yielded apparent "losers" by virtue of incorrectly guessing the trend based upon so-called TA patterns.
