Shroom Is the New Weed

I've been bullish on psychedelic stocks for a while now and I really like this low hanging fruit here, RVV .

Fundamentals are good and it is only a question of time before psychedelic medicine penetrates the healthcare sector with undeniable therapeutic properties. Company also boasts a nice pharma play imo.

Technical (*resolution may affect drawings*): Interesting support on Fibonacci arcs . Bullish candles on (A), (B), and (C). (A) failed although it broke a bearish sequence. The stock reached support again between (B) & (C) at around $0.17.
Looking forward to see what happens at the 0.786 arc (D) - but everything seems to indicate we have support if anyone thinks of jumping in now. Still cheap imo , but a pullback in the $0.20-0.25 wouldn't be surprising. Hopefully a nice catalyst is going to surface in the next weeks in order to propel the stock over the current resistance level (~$0.385). If not end of July (D) maybe end of summer.

Please know this is only my opinion and I am not a financial advisor.
Feel free to drop comments!


Risky...but I like it.
Psychodelic Medicine its the next cashcow of big pharma..Strees reduction, Pain management, Adiction control and erradication via drug replacement therapy.
I also like MMED-TC, backed by The Sharkès Mr Wonderfull!!
MMED-TC Not a day trading stock, this is a nice bag to hold, it will breakdon many times before it rises.
+1 Reply
@eltraderche, I agree! Two stocks that are very early stage. Whatever the future holds we can say we were here haha.
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