MNK (Mallinckrodt PLC) is a generic drug maker & distributor that looks to be setting up as a potential bottoming play with bullish divergences on the daily chart. Reports on Nov 7th before the market opens so I won’t add it as an official trade idea but the 60-minute chart looks constructive as well so it might provide a quick swing trade opp before earnings or if held into earnings (which also runs the risk of the stock gapping down instead of up). Daily chart with potential price targets (actual resistance levels, best to set sell limit orders just below the actual resistance level(s) one is targeting).
MNK Unofficial Trade Idea
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