I don't expect too much news for MindMed by March, but there might be a potential trade even if it hits resistance. Keep a stop loss set up for about $1.40. If it goes below about $1.52 there's no more technical support left. *not financial advice this is all my own opinion*
The downward ray given along with 3.60 magic number provided perfect breakout. The upward ray coming from lows before the list has been drawn since before crossed, and has no validated itself. Volume profile is favorable to the long side. This ray is simply guidance, but is offering a good leading indicator. If we can get above or at least stay close, it appears...
Price discovery is full effect. We've seen some healthy consolidation near what I believe to the bottom - about 2.94 2.25 was the accelerator, and I indicated the price action around it last week was very bullish... Numbers to watch are 4 - 4.55 - 5 - 5.69 There's not telling what happens this week... that FDA news just dropped and market is reacting (although it...
To follow along while this thing heads for the promised land.
ENTHEON BIOMEDICAL CORP (ENTBF or ENBI) Is it major support $0.40 Likely to go up from here
MINDMED TECHNICAL ANALYSIS - Minor support of 4.90 broke and had to it falling to the next support at 4.17 - Multiple attempts to break past this strong level but it has closed above it . This would be a highly suggested level to buy at 4.17 region - 3.50 will be next buy zone if it goes any lower which is the next support Buy it before it booms 🚀
A friend mentioned this stock to me so I charted it. I don't know the fundamentals. On one hand I like the accumulation pattern. On the other hand, I don't like the weak volume on the local high but at least I don't see bearish divergence on RSI. I also think the whole market is cooling off a bit. Stop losses in the red zone if it falls through support. If it...
$MMED seems to have broken off its bull flag and is heading to test the top line of the resistance. Buckle up. 🚀 - HH
MindMed recently broke out and closed above the top green resistance line and is ready to test the all time highs of $5
look for higher low around 3.78 for entry long pt 5-7 not financial advice
Psychedelics is another 2021 trend that you do not want to miss out on.
PULL BACK ENTER AT 156-171 RANGE - EXIT AT 2.10-2.20 RNGE OR HLD. Entry at 61.8 fib ret
Could see more consolidation if buy volume doesn't come in, but currently looking strong. Please consider leaving a like and following the account for more psychedelic pharmaceutical TA. Just my opinion, I can be wrong please do not trade without evaluating your own opinion. On the fundamental side, MindMed Conference Call went excellent. They are on pace with...