Mind Medicine Inc is a psychedelic medicine biotech company that discovers, develops, and deploys psychedelic inspired medicines and therapies to address addiction and mental illness. The company is assembling a compelling drug development pipeline of treatments based on psychedelic substances including Psilocybin, LSD, MDMA, DMT, and an Ibogaine derivative,...
First, full disclosure - I took a position in MNMD on Monday of last week after it popped over the $5.00 barrier; it was a Trade Ideas (TI) "Trade of the Week" play, and I took it after careful tech analysis and considering the successes of the TI recommendations of the past. The stock took a dump on Tuesday, but I stayed in it because I thought the turndown was...
Previously dicussed on Nov 30th similarities between mj and mush stocks. Saw good price movement and a clean breakout pull back set up. So purchased at 2.99 and exited at 3.65. Subsiquently news came out which was good and New LSD testing will be good for the future of the stock. Long term play. Still bullish on the future
MNMD nice clean volume breakout with room to run in my opinion with potential big pay out on the gap fill at $5.5 zone
Good risk / reward idea , and I like the chart
6M
RSI is at a top.
MFI is at 60, not yet exhausted.
I think the RSI could hold at the top for a time on this timeframe.
1Y
RSI is at a bottom.
MFI is around 60, with a downward sloping trend.
I think we could hold a low RSI for a time on this timeframe going towards lower lows.
5Y
RSI is trending up, while it is correcting a bit.
MFI looks like it is trending...
Hypothesis: pharmaceutical company price depressed due to conflict between management and investor, price artificially low due to FUD.
Confluence on W1 charts:
1. Price near ATL and 2020 support levels (year of IPO), see Early 2020 Support, and 2020 Support Levels.
2. Advanced RSI in oversold band with three Regular Divergence -Bullish signals
3. Setups &...
NASDAQ:MNMD
Yj
This stock had a quick response to good earnings and
it is now at resistance with the RSI swing indicator
printing a Sell Signal.
The MACD, a lagging indicator, shows the signal
above the histogram without a K / D cross
not yet started.
I would like to take a short trade setting a stop loss
above the resistance zone and targeting 10%
to the POC...
Since selling into the listing day pump (sorry) I've been waiting patiently for $1 MMED.
Daily RSI is now 50+ and showing bullish divergence.
Now that MMED has a new CEO, I have more faith in MMED to deliver useful therapeutics. A more telling bottom signal is the change of CFO; let's hope Mr. "Greenway" lives up to his name :)
mindmed.co
This stock has no cash flow. Pure speculation.
Sell the news.
If you pay the FOMO price, you're going to get rekt.
I'll be loading up again in the $3 to $4 range.
Beyond the successful breakout of the stochastic AND the crossover of the MACD, MindMed had a positive earnings report that beat expectations.
All of the pieces are in play for this pattern to play out against expectations - and the break to the upside seems imminent.
You don't have to (and legally shouldn't) listen to me, but I'm sitting happily on my...
This is a biased opinion as I truly believe the Psychedelic stock market will be expanding more and more in the years to come.
Hence my long term bullish approach.
Mindmed has been in a downtrend since Q3 21.
Early February, price was rejected at yearly open. I do not think this reflects the company value but rather a market sentiment.
Earnings early march might...
First trade of the year made on Jan 20. Entered into a long at 1.065 with a stop under .98. The trade failed, my mistake was tading aghainst the trend, as MNMD IS CLEARLY IN A DOWNTREND AND HAS BEEN FOR SOME TIME.
-8.5% on the trade -504%
0/1 so far
ignore the comsos chart
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*
As you can we have a series of bullish descending wedges. RSI has just about bottomed out and price is flattening out. I think we move up soon and break out sometime between now and end of January. Lots of advancements coming out in the sector. Price Target $7
