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 . candles on (A), (B), and (C). (A) failed although it broke a 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 (~$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!
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.