Mannkind Corp. $MNKD recently got a boost with strong volume. We caught this surge and noted that this surge stopped the prevailing downtrend and could anchor MANKD into a bullish one. MNKD Daily Chart(click to enlarge)Pullback Entering Key Support Area:- Price surged from around 2.00 up to almost 7.00 in under 2 weeks. - But since then, we have been seeing a sharp pullback.- The thing is, even though this pullback is sharp, I still believe the bullish breakout can start a bullish trend.- At the moment, price is right around the 50% retracement level.- I think we can start to expect support.- Around 3.08, there will be the 61.8% fibonacci retracement level.- Finally, 2.00 will probably by the last time of defense for the bullish outlook.- Because the prevailing trend since 2014 has been very sharp, we should indeed anticipate the prospect of such a sharp correction to the bullish pop.- Still, I think we should start looking for support around 3.00-3.10, especially if the RSI approaches 40. In a bullish market the RSI should hold above 40.