All the reverse splits and now the recent purchase of Romeo power, markets.businessinsider.com Me thinks price will go higher indicator shows a target of a dolla twenty !; and added to the descending/falling wedge it is likely for Muln to go up, if i am reading the chart intuitively. /cheers! "I like the stock!"
we need to hold the current support and break 0.18$ in order to confirm a reversal and starting squeeze for the price .
we started to have a reversing from the bottom price 0.18$, the confirmation for a reversal is above the 0.24$, which is our current resistant area, after we break that level we going to have a test for 2 profit taking , first around the 0.28$ and the second around the 0.33$.
after the short attach on Muln that opened after we broke our ascending line at the 16th of feb, we went down to test our support above the 0.25$, which we broke it now, we need to hold above our current box between (0.18$/0.20$), in order to have a reversal and then test our current resistant below the 0.25$, which will give us the first signal for several and...
we have to break our current resistant around the 0.47$ and hold above the 0.31$ to confirm the squeeze towards our 2 profit taking the 0.60$ and then the 0.76$. the second support if we break the 0.31$ is the 0.25$ which is a confirmation that MULN will not have another sell off or a new low for this year if we held above it .
we need to break the resistant box between the 0.44$/0.47$ in order to see another pump toward the 0.60$ and the 0.76$ profit taking , in the meant time we need to hold above our current support which is above the 0.36$, in order to confirm the strength of the bull and breaking that resiatnt the next time we test it .
we about to break this flag around the 0.3150$, if we did we gain to have 3 profit taking .
DESCRIPTION: In the chart above I have provided a semi-macro analysis of MULN a penny stock that has seen a continuous drop since IPO after hitting record highs of roughly 1200 points but now down to penny stock territory. POINTS: 1. Deviation of 0.2000 justifies SUPLY & DEMAND POCKET PLACEMENT. 2. Symmetrical Triangle Formation 3. ONE LAST TEST OF 0.3200 CAN...
As noticed on the chart Anti nen star pattern complete and targets are shown RSI Divergence and High volume last 3 month all are positive signals for med term long
Looks like we are on track for a nice run up on MULN.
It looks like we are at the bottom of the wedge. We would need to see news on the production o the vehicle for this stock to begin its breakout out of this wedge pattern,
we have an important support to get a reversal from which is the 0.25$, if we held it, we going to have first a test for the current resistant at 0.30$, then we will test 2 profit taking at 0.33$, and then the 0.40$, which will mark another bullish momentum towards the 1$. on the other hand if we didn't hold that support the 0.25$+, is means we going to test our...
we have critical support to hold above 0.3980$, when the market open, cause if we hold it , we going to have another test and break for the 0.44$ current resistant , and go towards our 3 profit taking , if we broke it, we will see huge selling pressure to take us to reversal area, above the (0.33$/0.34$)area. let's hunt .
we have a critical box to hold between the 0.29$ and 0.30$, which will confirm either the bullish continuation if we hold above it, towards the 0.35$ squeeze level , or a selling pressure towards the 0.26$ support level.
we need to hold above the current support the 0.21$, in order to have a test for the most important level 1round the 0.27$, which will be the first sign that we started reversing from this bearish trend , and confirm the squeeze once we break the 0.35$ level . if we got rejected before that level of resistant , we going to ave a test for the bottom pricer...
we broke from our sending line , and hold our support the 0.21$, now we have new support above the 0.24$, and resistant to break around the 0.2680$, to go towards the squeeze level and profit taking the 0.35$.
we are testing our support in that purple box, which we going to see a reversal once we break our ascending line , and break the first resistant the 0.2850$, which we give us huge bullish momentum once we clear it, to go to the squeeze level at o.35$, and 3 profit taking after clearing that level .
we need to hold our current support above the 0.20$ in order to see a breakout from 0.24$, and go towards our first profit taking nearing the 0.32$, then squeeze level 0.44$.