MEDMEN ENTERPRISES

CSE

MMEN

The last 2 times it reached the bottom of this channel it formed an equilibrium and then reversed directions. I expect it to first consolidate below this 12-period EMA line as it has done in the past. MACD is about to cross bullish on the 4-hour. Breaking of the RSI resistance level of 44 will help to confirm breakout.

mmen looks like falling wedge, could go either way ....

MMEN has changed the daily trend, but is now going ot have to change the weekly trend and that isn't going to happen any time soon

Notes on chart. Risk reward is very interesting Can play the commons $MMEN.C or the warrants MMEN.WT.C

MMEN broke it's multiple week tightening equilibrium and the volume is backing up this move. Check out the bull vs bear volume on the hourly chart. This is a trade I plan to be in for a couple weeks in search of a weekly lower high below $8.20s

MedMen MMEN since IPO. Buy at 4$ with sell target at ~6$ (+50%) and stop loss at ~3$ (-25%).

Tightening equilibrium pattern on MedMen.

Major resistance in the process of being tested at the .786 fib level. If this level becomes support, I will look to see a target at the 0.5 fib level for the medium term. EMA 12 and 26 are crossing on the 4-hour and the daily is not that far behind. Bullish RSI.