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
MNMD is getting ready to enter $4 channel in Q3, Stochastic RSI and a Bullish hammer candle stick at the end of the day (daily chart) indicates an uptrend followed with good news in upcoming days and shift of smart money into the Psychedelics. Psychedelics medicine gets ready for post pandemic market and probably act as a super hero to cure damage of pandemic...
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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...
MNMD still hanging out around this 382 fib line. Wondering if the upcoming Atai IPO will help or hurt things. "Psychadelic penny stocks are performing well as many companies in the niche are growing in both size and popularity. Its latest update comes from May 26th when the company published its first pharmacogenetics data report on LSD in collaboration with...
This is not financial advice, I am not advocating the buying or selling of MNMD stock
$MNMD triangle consolidation above key support. Large volume increase and some small unusual options activity in OTM calls. Watch for a breakout. Above $4 can lead to a massive move to the upside.
short term i would like to see some more capitulation after the nasdaq listing fomo. bruce linton and JR dumped shares that all got bought up, but may be psychologically damaging to some. anything under 3 bucks is definitely a buy. will go parabolic with the growing interest in all things mushrooms/psychedelics. read the chart not the news.
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...
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...