MEDMEN ENTERPRISES

CSE

MMEN

pos bear ABC it done it going down. New lows. Another count may unfurl, not super clear on what the move down would be, could be an impulse not complete, could be some kind of ZigZag Combo, looking for #ClairityofCount bull div

Daily consolidation on MMEN is not healthy at this point, bulls are trying to find a weekly higher low above 2.51 all time low. Watching the 1hr RSI equilibrium to see if it gives any early signals for a potential intraday scalp trade.

few possible counts here, ABC it done it going down. 1 2 and the 3rd is going down for the 4. or 1 2 and it is putting in the 4 of the 3

Bullish divergence in the RSI. 12 day EMA acting as support, that once acted as resistance. Large volume break of resistance will help to confirm breakout and change of trend.

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.